Findings from the Commerce Commission's telco report last week have been welcomed by the New Zealand Telecommunications Forum, agreeing that New Zealanders are ‘well served' by the industry.

The TCF says the findings support information in TCF's Telecommunications – Enabling New Zealand's Future report, published earlier this year.

“New Zealand boasts world class fixed and mobile networks, priced under OECD averages,” TCF says in a company statement.

“Consumers continue to gain benefits from a high level of investment by the industry in both fixed line and mobile technology. Our investment rate, compared to revenue, was second highest out of the OECD countries who we regard as our main competitors in global export markets. It is the same when considered per capita,” the organisation explains.

TCF says the Commission's report shows that this investment has enabled huge growth in usage of internet services by consumers and businesses.

“This has resulted in improvements in the quality of these services. The report also highlights that while investment and demand for data has increased, revenues have continued to decline.

Looking forward, the TCF industry report predicts that mobile data volume will grow seven-fold by 2019 and New Zealand's fixed internet traffic will double.