Chorus lumped with ‘regulatory risk premium’, Sheldon says

Wed, 30 Oct 2013

By Paul McBeth Oct. 30 (BusinessDesk) – Shares of Chorus, the telecommunications network operator, are weighed down by regulatory risk premium because of the threat of enforced price cuts for access to its wholesale copper lines, according to chairwoman Sue Sheldon. Speaking at today’s annual meeting in Wellington, Sheldon criticised the Commerce Commission’s decision to press ahead with enforcing sharp cuts to the copper lines, saying it undermined the government-sponsored nationwide fibre build. If the current regime is kept, Chorus faces...

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