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Tag: chorus
Chorus launches nationwide 1-Gbps broadband
2016-09-09 02:00:00| Total Telecom industry news
New Zealand wholesale network to offer Gigabit service for NZ$60 per month from 1 October.
Tags: nationwide
broadband
launches
chorus
Chorus CEO Ratcliffe to step down next year
2016-08-29 09:17:00| Telecompaper Headlines
(Telecompaper) New Zealand wholesale operator Chorus announced that its CEO Mark Ratcliffe gave notice of his intention to step down by the middle of next year. No reason for the decision was given, but Chorus said Ratcliffe would continue with full responsibilities as CEO for the next year while the company searches for a replacement. Ratcliffe said Chorus would continue to operate as business as usual. Ratcliffe led Chorus' separation from Telecom New Zealand and previously served as CEO of the wholesale arm when it was part of Telecom (now Spark).
Chorus, Spark welcome NZ's utility-style fixed network regulatory overhaul
2016-07-12 02:00:00| Total Telecom industry news
Government shares more details of plan to adopt utility-style regulation in New Zealand's telecoms network sector.
Tags: network
fixed
regulatory
spark
Chorus to resume dividends thanks to copper price hike
2016-02-19 11:31:00| Telecompaper Headlines
(Telecompaper) New Zealand wholesale operator Chorus reported financial results for the six months ended 31 December 2015 down sharply on the prior period because of lower regulated copper prices since December 2014. Net profit fell to NZD 33 million from NZD 64 million for the same period in the prior year, and EBITDA dropped to NZD 275 million from NZD 321 million. Operating revenues totaled NZD 479 million and operating expenses NZD 204 million. The conclusion of the recent copper pricing review, resulting in an increase in wholesale prices, means Chorus can begin paying dividends to shareholders for the first time since late 2013, the company said. For the financial year 2016, Chorus expects to pay a dividend of 20 cents per share. An interim dividend of 8 cents per share will be paid on 5 April.
Tags: price
resume
copper
dividends
Two unions join chorus against Canadian Pacific's Norfolk Southern bid
2016-01-08 19:17:37| Railroads - Topix.net
Two trade unions representing workers at No. 4 U.S. railroad Norfolk Southern Corp have joined a growing chorus of opposition to an unsolicited bid from Canadian Pacific Railway Ltd, one in an unpublished letter sent to the U.S. rail regulator and the other in an interview with Reuters.
Tags: join
southern
bid
canadian
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