Are you on Fibre broadband? If you are, you may wish to lock in a great price on your fibre broadband as fibre customers face a potential price increase.
Reports in the NZ Herald indicate that consumers are likely to pay more for their broadband and phone connections in the near future as Chorus lifts the wholesale price on the most popular UFB fibre plan from October 1.
This is a great time to secure the best deal and compare 12-month contracts on Fibre Broadband. Get the best deal for your family and beat a potential price hike from 1 October.
According to the New Zealand Telecommunications Forum report New Zealanders are benefitting from a significant fall in the cost of telecommunications services, and average prices are lower than ever. So why are fibre prices going up?
When looking at the Consumer Price Index, the report shows that telco prices have fallen dramatically over the past decade while other utilities costs, such as gas, electricity and council rates have increased.
And New Zealanders’ demand for data has grown astronomically - the report said that in 2018/19 the average fixed broadband connection used 208GB month, five years earlier the average connection used just 32GB a month.
Forum Chief Executive, Geoff Thornton said that although low prices have been great for consumers, the industry is facing the challenge of investing at the rate required to meet ongoing demand and ensure New Zealander’s benefit from the best technology the world has to offer.
According to the NZ Herald, Vodafone chief executive Jason Paris said the economics are out of “whack”.
"The value equation is out of whack and its an industry issue and its also a resetting of customers expectations in terms of the quality of the products and connectivity that New Zealander's get and their needs to be a return on investment from that, for us, to be able to invest in these new technologies." Learn more here.
Make sure you are making an informed choice about Broadband. As the market adjusts and we face period where Fibre Broadband Prices are likely to increase, it’s worth thinking about signing up for a 12-month contract and secure a good broadband price now.