UPDATE: Small win for Chorus in Comcom draft decision on copper pricing

Mon, 01 Dec 2014

(adds Chorus comments) By Pattrick Smellie Dec. 2 (BusinessDesk) - Regulated telecommunications network operator Chorus had a small win in its long-running stoush with the Commerce Commission over the prices it can charge for access to the traditional copper lines network for broadband internet services. However, Chorus chief executive Mark Ratcliffe says the draft new rates, proposed today, will still knock an $80 million hole in annual operating earnings. "This compares to the aggregate annualised EBITDA reduction of around $170 m...

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