Chorus stock rise to 13-month high, Spark falls as copper pricing impact mulled

Wed, 03 Dec 2014

By Jonathan Underhill Dec. 3 (BusinessDesk) - Chorus shares rose to a 13-month high after the Commerce Commission lifted the proposed price it can charge customers for access to its copper lines, stoking expectations it will be able to resume dividends in a few years. Spark fell on concern the changes will erode earnings. The telecommunications regulator's draft determination yesterday sets a limit of $38.39 monthly rental for access to Chorus's traditional copper lines network for broadband internet services. The rental, which had been $...

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