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:
“Properly speaking, history is nothing but the crimes and misfortunes of the human race.”
—Pierre Bayle (1647–1706)
“His farm was “grounds,” and not a farm at all;
His house among the local sheds and shanties
Rose like a factor’s at a trading station.”
—Robert Frost (1874–1963)
“They that have grown old in a single state are generally found to be morose, fretful and captious; tenacious of their own practices and maxims; soon offended by contradiction or negligence; and impatient of any association but with those that will watch their nod, and submit themselves to unlimited authority.”
—Samuel Johnson (1709–1784)