Chorus dials back copper spending to drive $400 mln of savings

Sun, 23 Feb 2014

By Paul McBeth Feb. 24 (BusinessDesk) - Chorus, the network operator spun out of Telecom in 2011, will clamp down on investing in its legacy copper lines to help drive some $400 million in savings over the next six years as it looks to fill a $1 billion funding hole to build a nationwide fibre network. The Wellington-based company is rolling out several initiatives to mitigate the impact of looming Commerce Commission-enforced price cuts, which will see less re-investment in the copper lines, the introduction of new unregulated revenue stre...

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