Chorus won’t meet UFB, RBI contracts if copper prices cut, Adams says

Wed, 04 Dec 2013

By Paul McBeth Dec. 5 (BusinessDesk) - Telecommunications network operator Chorus won’t meet its contractual obligations to build the bulk of the country’s broadband network if regulated cuts to the wholesale price it charges on its ageing copper lines go ahead, Communications Minister Amy Adams says. Accounting firm Ernst & Young Australia has verbally briefed Adams on whether the Wellington-based company can deliver on its contracts, and came to the early conclusion that a 23 percent cut to what Chorus charges for unbundled bitstream acce...

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Politics

Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

Staff reporters 1:20pm

Economy