Delusions of Power

David Cunliffe has obviously let the power of deregulating Telecom's Local Loop go to his head. He decided yesterday to announce that Telecom will need to invest more in it's network and cut it's dividend.

Now that Telecom has to let everyone else on it's network, you think the incentive would be to move investment away from areas where it's competitors will benefit from better equipment - or it will have to get it's money back in higher wholesale line charges.

If David Cunliffe wants to run Telecom, he should stick his hand in his own pocket and buy it. On reflection, he may want to - and keeps talking the price down to make it cheaper.