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:
“All things are moral. That soul, which within us is a sentiment, outside of us is a law. We feel its inspiration; out there in history we can see its fatal strength.”
—Ralph Waldo Emerson (1803–1882)
“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)
“Such is the art of writing as Dreiser understands it and practices it—an endless piling up of minutiae, an almost ferocious tracking down of ions, electrons and molecules, an unshakable determination to tell it all. One is amazed by the mole-like diligence of the man, and no less by his exasperating disregard for the ease of his readers.”
—H.L. (Henry Lewis)