Govt report on Chorus out next week
A full report on how internet price cuts will affect Chorus' ability to complete its leg of the ultra-fast broadband scheme will be released next week.
A full report on how internet price cuts will affect Chorus' ability to complete its leg of the ultra-fast broadband scheme will be released next week.
Chorus' reputation and NZ's as a place to invest has been "severely tarnished", the embattled infrastructure company's chairwoman has told shareholders.
The Govt is to review legislation around the Commerce Commission following its ruling to cut wholesale copper based internet prices, Finance Minister Bill English says.
Chorus shares have continued to tumble to a new low this morning - on the back of 35.5c fall last week.
NZ can look forward to cheaper broadband or higher data caps after National was yesterday left with no mates in Parliament to support its proposal to override price cuts.
Communications Minister Amy Adams has hired Ernst & Young Australia to investigate Chorus's financial position after the Commerce Commission ordered price cuts to the network operator's copper lines.
Chorus shares have kept tumbling this morning, falling 10 per cent in early trading.
Internet company CallPlus has launched court action to stop a Government review that proposes to override the Commerce Commission and directly set broadband prices.
Telecommunications company Chorus's $95 million payout to investors is being questioned after the company's warning about its financial viability.
The Government has launched an independent probe of Chorus' financial position and its ability to deliver on nationwide ultrafast broadband contracts.
The Government will tomorrow reveal more on its response to the Commerce Commission slashing broadband prices as Chorus' share price continues to tumble.
A Chorus investor has lashed out in a personal email to the Commerce Commission's Stephen Gale and said yesterday's broadband price cut was a "misguided decision".
To accept the idea of being under constant observation is to accept imprisonment - ironically by the Land of the Free, writes Chris Barton.
Chorus would get "windfall gains" and have an incentive to "go slow" building the ultra-fast broadband network if the Govt intervenes in the copper internet market, says Vector.
The Commerce Commission has warned Sky TV that its contracts with telcos were likely to have previously harmed competition.
What's his game? Is the PM misinformed? Or deliberately spreading misinformation? Chris Barton looks at the issues on the copper tax debate.
Q: I was in Freedom Furniture's Newmarket store and saw a table with an advertised price, which I decided to buy.
The scandal over Chorus is not the price of copper broadband. It is how the Government and public are being manipulated by vested interests.
A company which sold items made from the wool of non-existent "snow alpaca" is among those fined more than $600,000.
Telecommunications Users association head Paul Brislen and Chorus chief executive Mark Ratcliffe present both sides of the internet pricing debate.
The Commerce Commission said this morning it will not be investigating Auckland-based company Phoenix Forex.
There's a Machiavellian hand at work in Amy Adams plans to raise the cost of broadband for New Zealand consumers, writes Chris Barton.