The Markets

Chorus shares lift as ComCom values its assets

Thursday 19th of August 2021

The S&P/NZX 50 Index rose 238 points, or 1.8%, to 12,956.97. Turnover was $262 million.

A draft Commerce Commission decision has set the value of the regulated assets $80m lower than Chorus had argued it should be, but not as low as investors had prepared for.

The regulated asset base (RAB) determines how much revenue the infrastructure provider is permitted to earn from the...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.