Regulator transforms Chorus from utility to rollercoaster 'debacle' for investors

Wed, 16 Dec 2015

By Jonathan Underhill Dec. 16 (BusinessDesk) - Chorus, split off from Telecom in 2012 as a low-risk, low-return network company, has instead been one of the most volatile stocks on the NZX, thanks to a prolonged and shambolic regulatory process on what it can charge customers to access its copper wires. The stock soared 24 percent to a record $3.84 on the NZX yesterday, adding $290 million to Chorus's market value, after the Commerce Commission said the company can charge an average $41.69 a month for access to wholesale broadband and pho...

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