A PYMNTS Company

New Zealand: Vector chiefs accuse Commerce Commission and Electricity Authority of flawed methodology

By  |  October 18, 2012
New Zealand: Vector chiefs accuse Commerce Commission and Electricity Authority of flawed methodology

The chairman and chief executive of Vector, a multi-network infrastructure company, have accused the Commerce Commission and the Electricity Authority for imposing price cuts on Vector using a flawed methodology, which has hampered the company’s profits and investment power. In an annual meeting in Auckland, Michael Staissny, the chairman of Vector, said that such price cuts would undermine crucial public infrastructure investments in New Zealand.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: NBR

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.