Chorus shares lift as ComCom values its assets

Thu, 19 Aug 2021

Infrastructure firm Chorus led the market as it raced up more than 12% on news the Commerce Commission had valued its fibre network at almost $5.5 billion.The S&P/NZX 50 Index rose 238 points, or 1.8%, to 12,956.97. Turnover was $262 million.A draft Commerce Commission decision has set the value of the regulated assets $80m lower than Chorus had argued it should be, but not as low as investors had prepared for.The regulated asset base (RAB) determines how much revenue the infrastructure provider is permitted to earn from the network.In May,...

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