New Zealand's Commerce Commission approves $1.722bn for Chorus, disallows $172.6m increase in consumer costs.
New Zealand's Commerce Commission approves $1.722bn expenditure for Chorus, the nation's largest fibre network provider, but disallows $172.6m that would have increased consumer costs. Telecommunications Commissioner, Tristan Gilbertson, emphasizes the decision focuses on Chorus investing efficiently ahead of demand, benefiting Kiwi consumers. Final revenue and quality standards to be decided later this year.
August 22, 2024
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