UPDATE: Chorus resumes dividends after ComCom ruling, 1H profit drops 48%

Thu, 18 Feb 2016

(Adds detail) By Paul McBeth Feb. 19 (BusinessDesk) - Chorus will start paying dividends again after the Commerce Commission's decision to let the telecommunications network operator charge its customers more for access to its copper lines, easing some of the regulatory burden that dragged first-half profit down 48 percent. The Wellington-based company expects to pay 20 cents per share this year, and the board declared an interim dividend of 8 cents payable on April 5, it said in a statement. Chorus stopped paying dividends after regu...

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