Chorus FY results hit by regulatory pricing decisions

Monday 24 August 2015 | 17:13 CET | News
New Zealand fixed-line network operator Chorus has reported a net profit after tax of NZD 91 million for FY 2015, compared to NZD 148 million in FY 2014. EBITDA amounted to NZD 602 million for the year ended 30 June 2015, down from NZD 649 million in FY14. Operating revenue for the period was NZD 1 billion, down from NZD 1.05 billion in FY14. Chorus' financial result for FY15 was substantially impacted by the requirement to implement initial regulatory pricing decisions based on international benchmarking, the company said.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: General
Companies: Chorus
Countries: New Zealand
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Chorus completes Rural Broadband Initiative

Published 09 Jun 2016 15:31 CET | New Zealand
Chorus announced that the company has completed its five-year project under the Government's Rural Broadband Initiative (RBI), ...

Chorus to change service company partner around Wellington

Published 07 Apr 2016 13:04 CET | New Zealand
Chorus has announced that from May, Visionstream will be carrying out fibre installations in Wellington, Kapiti Coast and ...

Chorus to resume dividends thanks to copper price hike

Published 19 Feb 2016 11:31 CET | New Zealand
New Zealand wholesale operator Chorus reported financial results for the six months ended 31 December 2015 down sharply on the ...

Chorus will not initiate appeals on FPP

Published 28 Jan 2016 09:14 CET | New Zealand
New Zealand fixed-line network operator Chorus has confirmed that it will not initiate any legal appeals on the final FPP pricing ...

New Zealand approves increase in wholesale copper prices

Published 15 Dec 2015 08:11 CET | New Zealand
New Zealand's Commerce Commission issued its final decision setting the wholesale prices that Chorus can charge for use of its ...

Chorus accelerates fibre take-up

Published 19 Oct 2015 11:45 CET | New Zealand
New Zealand network operator Chorus announced that it lost 18,000 fixed lines and gained 11,000 broadband connections in the ...

Crown Fibre invites bids for UFB programme expansion

Published 01 Sep 2015 14:27 CET | New Zealand
Crown Fibre Holdings (CFH), company set up to manage the New Zealand Government's NZD 1.5 billion investment in Ultra-Fast ...

Commerce Commission releases draft Chorus FPP prices

Published 02 Jul 2015 11:21 CET | New Zealand
New Zealand fixed-line network operator Chorus has received the latest draft determination from the Commerce Commission on a ...

NZ Commerce Commission to review UBA STD

Published 06 Apr 2015 16:43 CET | New Zealand
The New Zealand Commerce Commission said it will formally review the non-price terms of the Unbundled Bitstream Access (UBA) ...

Chorus signs UFB service agreements with Downer, Transfield

Published 23 Dec 2014 05:32 CET | New Zealand
New Zealand fixed network operator Chorus has entered into two additional service company agreements for the cost of connections ...

Regulator releases emerging view on backdating Chorus prices

Published 19 Dec 2014 06:49 CET | New Zealand
New Zealand's Commerce Commission has published its emerging view on backdating the final prices that Chorus charges for its ...

Standard & Poor's upgrades Chorus outlook to stable

Published 05 Dec 2014 10:26 CET | New Zealand
Standard & Poor's has revised the outlook for New Zealand fixed network operator Chorus to stable from negative. Standard & ...

Spark reviews rates amid higher Chorus wholesale charges

Published 02 Dec 2014 09:45 CET | New Zealand
Spark New Zealand has announced it is reviewing its broadband and fixed voice customer pricing following the announcement by the ...

Chorus cuts UFB connection cost guidance

Published 25 Nov 2014 05:29 CET | New Zealand
New Zealand fixed-line network operator Chorus has signed new agreements with Visionstream and Downer for the cost of connections ...

Chorus loses appeal against regulator's UBA pricing model

Published 08 Sep 2014 09:03 CET | New Zealand
The New Zealand Court of Appeal has upheld an earlier High Court judgment that the Commerce Commission correctly applied the law ...

Calendar   /   Industry Events

25 Jan Ericsson Q4 2021
25 Jan F5 fiscal Q1
25 Jan Verizon Q4 2021
25 Jan Microsoft fiscal Q2
25 Jan Uniti Group Q4
25 Jan European 5G Conference
26 Jan AT&T Q4 2021
26 Jan Corning Q4 2021
26 Jan Intel Q4 2021
26 Jan Calix Q4 2021
26 Jan Crown Castle Q4 2021
27 Jan Extreme Networks fiscal Q2
27 Jan Elisa Q4 2021
27 Jan Apple fiscal Q1
27 Jan Juniper Networks Q4 2021
27 Jan STMicroelectronics Q4 2021
27 Jan Samsung Electronics Q4 2021
27 Jan MTN Nigeria Q4 2021
27 Jan Rogers Communications Q4 2021
27 Jan Comcast Q4 2021
27 Jan FCC meeting
28 Jan SK Hynix Q4
28 Jan Charter Communications Q4
28 Jan Telia Lithuania Q4 2021
28 Jan Telia Company Q4 2021
31 Jan KPN Q4 2021
31 Jan Cirrus Logic Q3
31 Jan NXP Semiconductors Q4 2021
31 Jan NEC fiscal Q3
31 Jan Harmonic Q4
::: More Calendar Items