Chorus shares plunge on ComCom draft fibre pricing decisions

Sun, 02 Dec 2012

By Paul McBeth Dec. 3 (BusinessDesk) - Telecommunications network operator Chorus saw its shares plunge 12 percent at the open of NZX trading following a Commerce Commission a draft decision that would steeply cut what it can charge for access to electronic switchgear used over its ageing copper lines network. That was in spite of winning some pushback on pricing for the actual lines. The shares plunged 12 percent, or 40 cents, to $3, the lowest since June 21, after the competition regulator released a final determination on unbundled copper...

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