15 Sep 2005

Fiji telecoms firms object to bid to cut tariffs

10:16 am on 15 September 2005

Two of Fiji's telecommunications companies with substantial foreign ownership have strongly objected to the new reduced tariffs announced by the Commerce Commission.

Fiji TV reports that they are Vodaphone Fiji in which Britain's Vodaphone has a 49 per cent share and FINTEL in which Britain's Cable and Wireless has 49 per cent.

The TV report says the companies have filed objections saying the new reduced rates will adversely affect their future investment plans.

Both companies, which currently have monopolies in their fields of mobile telephones and international calls, have made submissions to the Commerce Commission saying it should allow market forces to work and not replace them.

The new tariffs are due to come into effect from October the 6th.