Chorus faces up to $10 mln earnings hit in 2014 from latest regulator pricing decision

Wed, 23 Apr 2014

By Paul McBeth April 24 (BusinessDesk) - Chorus, the telecommunications network operator, expects 2014 earnings will be as much as $10 million lower after the Commerce Commission pressed ahead with a decision to raise the price of another component on the company’s copper lines, and backdate the charge. The Wellington-based company expects earnings before interest, tax, depreciation and amortisation will be $9 million to $10 million lower in the 12 months ending June 30, as a result of the regulator’s decision to align the price for Chorus’...

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