UPDATE: Chorus shares jump after regulator lifts access pricing

Mon, 01 Dec 2014

(Updates with share price movement and investor comment throughout) Dec. 2 (BusinessDesk) - Shares of Chorus, the regulated telecommunications network operator, jumped as much as 17 percent after the Commerce Commission lifted the prices it can charge for access to the traditional copper lines network for broadband internet services. The shares rose as high as $2.50, the highest the shares have traded since October last year, when the antitrust regulator priced its copper pricing, and recently traded up 15 percent at $2.47. In a draft det...

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