Wednesday, 19 September 2018

Chorus blames regulator for earnings decline

By Mary Lennighan, Total Telecom
Tuesday 25 August 15

New Zealand network operator to update on dividend policy when Commerce Commission completes pricing review.

Chorus this week attributed declines in full-year revenue and earnings to regulatory intervention around wholesale broadband prices and said it is still unable to pay a dividend. The New Zealand network operator on Monday reported revenues of NZ$1.01 billion (€577.3 million) for the 12 months to the end of June, down by 5% on the previous year…

Chorus this week attributed declines in full-year revenue and earnings to regulatory intervention around wholesale broadband prices and said it is still unable to pay a dividend. The New Zealand network operator on Monday reported revenues of NZ$1.01 billion (€577.3 million) for the 12 months to the end of June, down by 5% on the previous year…

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