WHOLESALE prices on the national broadband network will be frozen at $24 a month for five years and then increase at half the rate of inflation, according to regulatory documents lodged by NBN Co.
This means the entry level wholesale price would not rise until at least July 2017, and then increase by no more than 1 to 2 per cent per year after that, depending on inflation.
Wholesale service charges and connection rates would also be kept at low prices, after NBN Co changed an earlier proposal to increase prices above inflation rates.
However, NBN Co cannot guarantee retail service providers would not increase retail prices independently of wholesale prices.
The Australian Competition and Consumer Commission was now expected to review the 'special access undertaking' and accept or reject it in late 2012.