History and Trading Practices
In 1999 Telecom created New Zealand's only ADSL service. Telecom later allowed other ISPs to access its ADSL networks (under increasing government and public pressure), although some claimed that Telecom provided unfair and monopolistic terms of trade regarding its wholesale ADSL services.
As a subsidiary of Telecom New Zealand, Xtra retained some of the monopoly that its parent company formerly had. To many people, this monopoly was regarded as an unfair advantage over other ISPs. Many lobbyists, including Slingshot's CEO Annette Presley, persuaded New Zealand's Communications Ministry to force the unbundling of Telecom's local loop, so as to make fairer trading terms and lessen Xtra's ISP monopoly. The company has breached the Fair Trading Act 1986 at least eight times between 2003 and 2010.
Read more about this topic: Xtra (ISP)
Famous quotes containing the words history, trading and/or practices:
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“Money made through dishonest practices will not last long.”
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