Chorus will avoid capital-raising for a couple of years, Deutsche Bank says

Mon, 16 Dec 2013

Dec. 17 (BusinessDesk) – Chorus is likely to delay any new capital-raising to help fund the ultra-fast broadband rollout until after the Commerce Commission completes its redetermination of copper network-based broadband pricing under an alternative methodology, says Deutsche Bank. In a research note to clients following the weekend release of the government-ordered Ernst & Young Australia report on Chorus’s UFB funding challenge, research analyst Arie Dekker says Chorus will be targeting annual operational and capital expenditure savings of a...

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