Telco fight breaks out over covid-19 'wall of bad debt'

Telco fight breaks out over covid-19 'wall of bad debt'
Pattrick Smellie
Monopoly telecommunications infrastructure provider Chorus is coming under intense pressure from retailers Spark, Vodafone, 2degrees and others to shoulder more of the unpaid bills that the sector sees coming at it in coming months.BusinessDesk has been told of heated scenes at a meeting of the Telecommunications Carriers Forum in Auckland last Friday after Chorus pushed back vigorously on the retailers' demand that it should accept 50 percent of what one telco executive has dubbed the "wall of bad debt." The sector expects customers won't be a...

More Economy

Adrian Orr’s first commercial post-RBNZ gig revealed
Economy

Adrian Orr’s first commercial post-RBNZ gig revealed

Orr backs the Māori economy in his first executive gig since quitting.

Pattrick Smellie 12 Sep 2025
Retail card spending climbs for third month
Retail

Retail card spending climbs for third month

The total amount spent using electronic cards was $9.3 billion.

Chido Machingura 12 Sep 2025
Receivers hunt for missing cars amid $5.7m company collapse
Economy

Receivers hunt for missing cars amid $5.7m company collapse

The cars were moved to Takanini and Manurewa before the insolvencies.

Gregor Thompson 12 Sep 2025
Majority of CFOs want Govt policy shift, but don't expect it
Finance

Majority of CFOs want Govt policy shift, but don't expect it

The Mood of the CFO survey shows a “two speed” economy with wildly divergent results.

Dileepa Fonseka 10 Sep 2025