UPDATE: Chorus, awaiting final pricing determination, reins in rollout costs

Mon, 25 Aug 2014

By Jonathan Underhill Aug. 25 (BusinessDesk) - Chorus, the telecommunications network operator, managed to rein in the costs of its ultra-fast broadband rollout last year but its outlook for earnings hangs on the regulator's final position on pricing of copper line network services. Profit fell 14 percent to $148 million in the year ended June 30, meeting market expectations, as sales rose to $1.058 billion from $1.057 billion. But chief executive Mark Ratcliffe said the company's "solid" financial performance has been overshadowed by Ch...

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