Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  NEW ZEALAND STOCK EXCHANGE  >  Chorus Ltd    CNU   NZCNUE0001S2

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Chorus Ltd : Government announcement

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/08/2013 | 09:48am CEST
Hon Amy Adams Minister for Communications and Information Technology

8 February 2013 Media Statement

Review to provide certainty to consumers, industry

Communications and Information Technology Minister Amy Adams has announced that two scheduled reviews of the regulatory framework for telecommunications services are to begin immediately.
The first is a review of the Telecommunications Service Obligations (TSO)
required under section 101A of the Telecommunications Act 2001.
The second is a wider review of the policy framework for regulating telecommunications services in New Zealand. Under section 157AA of the Act, this review is required to start no later than 30 September 2016 with best efforts to complete that review by 31 March 2019.
Taken together, the reviews will provide a comprehensive look at the telecommunications framework and the rules that underpin it, as New Zealand participates in the shift towards new technologies.
The reviews will focus on the long-term interests of end-users of telecommunications services, taking into account the market structure, technology developments and competitive conditions in the telecommunications industry at the time of the review, including the impact of fibre, copper, wireless, and other telecommunications network investment.
They will also consider the structure and funding of the current TSO.
"I have decided to bring forward the wider regulatory framework review as regulatory certainly is an important factor in the ability of New Zealanders to have early access to high-quality communication services based on new technologies," Ms Adams says.
"Throughout the establishment of the Government's UFB and RBI
initiatives, user groups were clear in their calls for the need for fibre
connectivity as a priority. The Government is committed to world-class fibre infrastructure, and the long-term gains it will bring.
"Increased certainty around the transition path from copper to fibre will promote development of retail fibre products, boosting the ability of New Zealand homes, businesses, schools and hospitals to maximise the transformative potential of these technologies.
"One common message I have continually heard from consumers and industry is that they want certainty. The policy framework needs to be predictable and stable for all concerned, and in my view, it is therefore desirable that these two reviews get underway immediately."
The impact of market uncertainty was highlighted following the Commerce Commission's draft UBA decision, which regulates the wholesale price of providing internet services to other Retail Service Providers to on-sell.
Given the start of these reviews, both the implementation date for the cost- based UBA price set by the Commerce Commission and the deadline for the Commission to complete the UBA review is to be extended to a date no later than 30 November 2015, to allow time to give effect to any changes recommended by the regulatory review. This is to be implemented through legislative change to be made by the end of 2013.
It is widely accepted both in New Zealand and internationally that fibre connectivity is a critical part of our future prosperity.
A study into the economic benefits of fibre estimated the GDP impact of the UFB and RBI programmes will be $5.5 billion over 20 years, and the economic benefits to New Zealand end-users of high-speed broadband applications will amount to almost $33 billion over twenty years.
"This gives a sense of the scale of potential benefits for New Zealand consumers from fibre and shows the interests of consumers are best served by having a competitive and innovative market."

Media contact: Nathan Beaumont: 021 243 8412
distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CHORUS LTD
05/11 CHORUS : starts UFB2 build in Hokitika
04/19 CHORUS : Jack Matthews to join Chorus Board
04/19 CHORUS : Good Friday the busiest day ever on the Chorus network
04/15 CHORUS : Impact of Cyclone Cook on telecommunications services – 3pm 15 Ap..
04/14 CHORUS : advisory | Impact of Cyclone Cook on telecommunications services (updat..
04/14 CHORUS : advisory | Impact of Cyclone Cook on telecommunications services
04/05 CHORUS : NZ's ten fastest cities for broadband revealed
04/03 CHORUS : submits proposals for Rural Broadband Initiative and Mobile Black Spots..
03/20 CHORUS LTD : Bonus dividend due to over-provision of tax and pays to shareholder..
03/20 CHORUS LTD : ex-dividend day for interim dividend
More news
Sector news : Telcommunications Network Infrastructure
12:07p European shares edge back towards 21-month highs though miners, energy firms ..
05/23DJTELEKOM MALAYSIA BERHAD : 1Q Net Profit Down 28.5% at MYR230.43 Million
05/19 European shares claw back gains after worst week in six months
05/18DJALTICE A : EU Accuses Altice of Breaking Rules in Portugal Telecoms Merger
05/18 ALTICE A : vows to challenge EU charges over PT Portugal deal
More sector news : Telcommunications Network Infrastructure
News from SeekingAlpha
2016 Chorus ADR reports 1H16 results
2016 Chorus Limited's (CHRYY) CEO Mark Ratcliffe on Q2 2016 Results - Earnings Cal..
2015 ISHARES MSCI NEW ZEALAND CAPPED ETF : The Other Down Under
2015 Chorus Limited's (CHRYY) CEO Mark Ratcliffe on Q4 2015 Results - Earnings Cal..
2015 Chorus Limited's (CHRYY) CEO Mark Ratcliffe on Q2 2015 Results - Earnings Cal..
Advertisement
Financials ( NZD)
Sales 2017 1 047 M
EBIT 2017 322 M
Net income 2017 130 M
Debt 2017 1 957 M
Yield 2017 4,68%
P/E ratio 2017 14,06
P/E ratio 2018 15,77
EV / Sales 2017 3,63x
EV / Sales 2018 3,79x
Capitalization 1 845 M
More Financials
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 4
Average target price 4,21  NZD
Spread / Average Target -6,2%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Kate McKenzie Chief Executive Officer & Director
Patrick Clifford Strange Chairman
Andrew Carroll Chief Financial Officer
Ewen Powell Chief Technology Officer
Prudence Mary Flacks Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CHORUS LTD1 280
BHARTI INFRATEL LTD10.28%11 083
ZAYO GROUP HOLDINGS IN..-4.11%7 835
INFRASTRUTTURE WIRELES..15.29%3 441
SARANA MENARA NUSANTAR..--.--%2 824
TOWER BERSAMA INFRASTR..--.--%1 997
More Results