In recent weeks the value of Chorus shares has fallen dramatically and we feel that you should hear from us directly about what has transpired and perhaps more importantly what your Board and management team is doing to preserve and restore value in Chorus.
- Addressing the Myths
- Q & A on UBA Pricing Decision
- Chorus' 2013 Annual General Meeting
- Chorus commits to benchmarking New Zealand broadband - 25 October 2013
- Chorus submission supports Government intervention on wholesale copper prices
- FY13 Full Year Results
- Presentation to South Island Investors - 2 July 2013
- Presentation and build update - 16 May 2013
- Chorus Investor Roadshow - September 2012
- Submission on draft decision on UCLL pricing - June 2012
- Chorus Investor Day - 23 May 2012
- Initial assessment of Commerce Commission announcement on UCLL pricing
- Deutsche Bank NZ Corporate Day - March 2012
- Investor Presentation - September 2011
Letter to Shareholders
Addressing the Myths
You may have read or heard some misinformation about Chorus in recent weeks. The following is our response to some of the myths we have been asked about:
Q & A on UBA Pricing Decision
Chorus' 2013 Annual General Meeting
Chorus submission supports Government intervention on wholesale copper prices
Chorus has today published its submission on the Government’s Discussion Document entitled “Review of the Telecommunications Act 2001” (Discussion Document).
Chorus supports the Government stepping in and updating the policy framework, as proposed in its Discussion Document. It is clear that the current framework is no longer fit for purpose.
The submission outlines why Chorus believes the current framework is broken and why the Government is right to intervene. It also explains the specific changes to the copper pricing regime that would support the transition to fibre as well as the benefits that are being delivered to end users.
The submission also includes reports from three independent ex-regulators, Dr Ross Patterson, Richard Hooper CBE, and Professor Stephen Littlechild.
FY13 Full Year Results
Presentation to South Island Investors - 2 July 2013
Presentation and build update - 16 May 2013
Chorus submission on UBA and UFB policy framework - 4 February 2013
Chorus has today made a submission to the Commerce Commission in response to the draft price of Unbundled Bitstream Access (UBA) released on 3 December 2012.
The submission calls for an update of the policy framework to ensure the success of the Government’s Ultra Fast Broadband (UFB) initiative. It also responds to the draft UBA decision and explains Chorus’ intent to apply for a final pricing principle (FPP) review for the Unbundled Copper Local Loop (UCLL) service within the existing framework.
The regulatory framework that has evolved since 2001 addressed the market and industry concerns during that time. New Zealand has seen positive results from this framework with significant broadband growth in recent years.
Chorus CEO Mark Ratcliffe says things have moved on significantly and it’s time for the industry to take the next step towards even better broadband with a framework that aligns everyone to a single outcome for the benefit of New Zealand.
“We’re seeking a clearer, more stable regulatory environment that delivers the right incentives to encourage the transition to our fibre network, and help New Zealand realise the productivity and economic benefits UFB and the Rural Broadband Initiative (RBI) can deliver,” Ratcliffe said.
Chorus has made robust submissions on the Commission’s draft UBA decision which continues to highlight the challenges of applying the current framework to the new industry structure. It also emphasises that getting the right balance between copper and fibre pricing is critical to fibre investment and uptake.
Chorus’ intention to apply for a FPP is based on ensuring a consistent approach between UBA and UCLL, and an outcome that better reflects the true measure of the cost and investment required to deliver better broadband to New Zealand than the Commission’s December draft decision suggests.
Chorus Investor Roadshow - September 2012
Submission on draft decision on UCLL pricing - June 2012
This is Chorus' submission on the Commission‟s revised draft determination on the benchmarking review for UCLL (the Commission’s proposal).
Any Commission decision on UCLL pricing will be pivotal for the industry, investors and every New Zealander. Averaged UCLL pricing underpins the regulatory framework, which means any change to it will be a key influence on the industry‟s long term investment choices. Those investment choices will in turn determine the benefits New Zealanders get from fibre. And the second order impacts of those choices will influence views on returns on future investment in New Zealand. So it is important that we get this right now.
Chorus Investor Day - 23 May 2012
View the videos and presentations from our Investor Day on 23 May 2012.
Initial assessment of Commerce Commission announcement on UCLL pricing
Initial assessment of today’s Commerce Commission announcement regarding proposed changes to UCLL pricing – Mark Ratcliffe (Chorus CEO) and Vanessa Oakley (Chorus Corporate Counsel) and a variety of questions from investors and analysts
Deutsche Bank NZ Corporate Day - March 2012
Presentation from an investor briefing session organised in conjunction with Deutsche Bank in Sydney, 6 March 2012.
Investor Presentation - September 2011
This presentation gives investors a view of what new Chorus will look like post-demerger with Telecom (1 December 2011).