Telcos challenge Chorus plans to push fibre further

Telcos challenge Chorus plans to push fibre further
Chorus has big plans to go rural. (Image: Getty)
Paul McBeth
New Zealand’s three biggest telecommunications retailers are questioning whether Chorus’s $201 million investment plans to roll out fibre deeper into the provinces should fall under the regulatory regime that sets the network operator’s regulated revenue. The fibre company, spun out of Spark more than a decade ago to participate in the government’s ultrafast broadband plan, put forward a $1.35 billion capital spending programme for the four-year regulatory period starting in 2025. It includes plans to...

More Markets

NZ sharemarket down, Oz and US stocks climb
Markets Market close

NZ sharemarket down, Oz and US stocks climb

The S&P/NZX 50 Index closed at 11,746.66, down 44.26 points or 0.38%.

Graham Skellern 04 Jul 2024
Summerset anticipates flat 1H underlying profit
Markets

Summerset anticipates flat 1H underlying profit

The company is NZ's best-performing retirement village operator.

Gregor Thompson 04 Jul 2024
Infratil's CDC investment cracks $5 billion mark
Markets

Infratil's CDC investment cracks $5 billion mark

Surging datacentre demand and expanded development plans benefit Infratil.

Aussie shares rise for first time in new financial year
Markets

Aussie shares rise for first time in new financial year

The ASX200 finished up 0.3% after better-than-expected domestic retail sales data.

AAP 04 Jul 2024