Chorus cap will save public $250m over four years: ComCom

The Commerce Commission has capped Chorus's revenue at $3.3 billion. (Image: Supplied)

Thu, 18 Jul 2024

A revenue cap imposed on Chorus will save New Zealand consumers tens of millions of dollars a year, the Commerce Commission says.The decision will affect the prices consumers pay for fibre.The commission said in a draft decision it would set Chorus’s maximum allowable revenue at $3.3 billion from the start of next year to the end of 2028.The regulator said the changes could save consumers more than $250m over the four years. Chorus chief corporate and regulatory officer Julian Kersey said the company would review the commission&rsquo...

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