Telecoms revenues down in NZ in 2014/15

27 May 2016

The Commerce Commission of New Zealand has released its annual report into the state of the country’s telecoms markets in the year to 30 June 2015. Total revenues dropped by over NZD60 million (USD40.7 million), from NZD5.17 billion in 2013/14 to NZD5.11 billion the year after. Mobile revenues are set to surpass sales in the fixed market in 2015/16, with mobile services bringing in NZD2.54 billion in 2015 compared to NZD2.57 billion from the fixed sector. The country was home to 1.86 million fixed lines at end-June 2015, up from 1.85 million twelve months earlier, while there were 1.45 million broadband internet users, up from 1.39 million. The number of mobile connections rose by 300,000 to 5.58 million. Investment by telecoms operators stood at NZD1.77 billion in 2014/15, beating the year-earlier figure of NZD1.69 billion, with the Commission attributing this to the continued deployments under the government-backed Ultra-Fast Broadband (UFB) scheme.