Chorus suffers plunge in share price
December 3, 2012 - 5:03pm
The company installing high speed broadband cable across Dunedin and around New Zealand has suffered an 11% plunge in its share price.
Telecommunications network operator Chorus saw its shares drop in NZX trading following a Commerce Commission decision.
The commission ruled on the wholesale price for access to Chorus's unbundled copper local loop.
The new price is $23.52 per month per line from late 2014, an almost 4% reduction.
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