Standard and Poor’s downplays draft regulation impact on Chorus credit rating

Tue, 04 Dec 2012

Dec. 4 (BusinessDesk) - Standard & Poor's has downplayed the threat of looming price regulation to access Chorus's switchgear on its ageing copper lines, saying the final ruling will probably be amended given the highly political nature of the fibre network. The regulator yesterday released a draft determination that would cut what Chorus can charge internet service providers for accessing its unbundled copper network without having to build their own electronics and software to $8.93 per line a month from December 2014 from $21.46. Chorus...

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