Plunging Chorus share price should have rung regulator’s alarm bell, lawyer says

Mon, 17 Mar 2014

By Paul McBeth March 17 (BusinessDesk) - The sharp drop in Chorus’s share price after the Commerce Commission signalled plans to slash what the network operator could charge for access for services on its copper lines should have rung an alarm bell at the regulator, the High Court heard today. Since November 2012, various Commerce Commission statements on the regulated price Chorus could charge on its copper lines have wiped as much as 60 percent from the share price, something that the regulator should have recognised when making its final...

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