Key hints at Chorus contract renegotiation

Mon, 02 Dec 2013

By Pattrick Smellie Dec. 2 (BusinessDesk) – Prime Minister John Key appears to be holding the door open to renegotiating the price at which Chorus undertakes its part of the national roll-out of fibre-optic cable under the government’s ultra-fast broadband project. Speaking after Cabinet, Key told journalists the government had “a number of options” for dealing with the billion dollar hole blown in Chorus’s earnings between now and 2020 by the Commerce Commission’s decision to far larger price cuts for existing broadband services than expecte...

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