No majority if Govt forces copper-broadband pricing issue

Thu, 28 Nov 2013

By Pattrick Smellie Nov 28 (BusinessDesk) – Any hope the government had that its support partners would vote to allow direct intervention on the price of copper-wire broadband services has evaporated with the United Future and Maori parties both pledging not to support such legislation. Shares in network operator Chorus dropped 2.5 percent to a new low, $1.785, valuing the company at $707 million. The announcements appeared orchestrated to give maximum publicity to lobbyists opposing such a move, with the public relations adviser to the “A...

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