Chorus to submit first price-path compliance statement
Chorus Limited
Level 10, 1 Willis Street
P O Box 632
Wellington
New Zealand
Email: company.secretary@chorus.co.nz
STOCK EXCHANGE ANNOUNCEMENT
31 March 2022
Chorus to submit first price-path compliance statement
Chorus will today submit its first price-path compliance statement with the Commerce
Commission as required by the new regulatory framework for fibre access services. The
purpose of a price-path compliance statement is to confirm that forecast revenues are
below the price path set by the Commerce Commission for a given period.
The maximum allowable revenue for calendar year 2022 is $692 million, including pass
through costs of about $16 million. Today’s price-path compliance statement forecasts that
Chorus’ regulated fibre revenue for the 2022 calendar year will be approximately $657
million.
Chorus notes that the fibre revenue forecast does not include annual inflation adjustments
to pricing, as per the compliance statement requirements. Any changes to future pricing
would typically apply in October following industry consultation. At this time Chorus is
required to submit an updated price-path compliance statement.
Authorised by:
David Collins
Chief Financial Officer
ENDS
For further information:
Steve Pettigrew
Head of External Communications
Mobile +64 (27) 258 6257
Email: Steve.Pettigrew@chorus.co.nz
Brett Jackson
Investor Relations Manager
Phone: +64 4 896 4039
Mobile: +64 (27) 488 7808
Email: Brett.Jackson@chorus.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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