The Competitive Carriers Coalition (CCC) has strongly urged the Government to slash prices by up to %20 to save the economy from rapidly rising Inflation. The Industry group suggests that other developed countries are currently reviewing their competition standards and failing to follow suit would only see Australia fall further behind. In an article appearing on thewest.com.au, they further add, that Telstra is to blame with it’s monopoly on the Industry and inflated wholesale pricing.
“We pay more than just about every country in the OECD for basic telecommunications services,” Mr Forman said in a statement.
Mr Forman said an estimated, conservative reduction in charges to carriers of 20 per cent would save the economy $2.5 billion a year.
“At the heart of this problem is the inflated wholesale prices Telstra charges for access to its monopoly network and the inability of the ACCC to manage Telstra with the limited powers it now has.”
