Chorus shares jump, but still wary on copper pricing split

Tue, 06 Aug 2013

By Pattrick Smellie Aug 7 (BusinessDesk) - Shares of telecommunications infrastructure owner Chorus bounced 5.9 percent when trading opened on the NZX this morning after Communications Minister Amy Adams announced a new way forward on the vexed issue of regulated pricing for copper network services. By mid-morning, Chorus shares were at $3.07, above their listing price of $2.94 in November 2011 for the first time since March. Chorus is welcoming the discussion document released today proposing a new way to approach regulated pricing for acce...

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