Chorus may not pay forecast dividends in 2014 as price controls loom

Sun, 17 Nov 2013

Nov. 18 (BusinessDesk) – Chorus said it may not pay its forecast dividends in 2014 after the regulator affirmed it would impose price cuts on the network company building New Zealand’s ultra-fast broadband network. Chorus had forecast dividend payments of 25.5 cents a share for 2014 but was now withdrawing the guidance because of the uncertainty over the cuts, which it says would curtail its ability to fund the broadband build. “At this time of unprecedented levels of investment by Chorus, withdrawing dividend guidance is a regrettable but n...

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