
Chorus stock falls as profit drops 39%
Chorus shares fell after the telecommunications network operator reported a 39 per cent decline in annual profit.
Chorus shares fell after the telecommunications network operator reported a 39 per cent decline in annual profit.
Net profit dropped to $91 million, or 19 cents per share, in the 12 months ended June 30, from $148 million, or 31 cents, a year earlier.
Chief executive Simon Moutter tells Matt Nippert it was a tough time at the old Telecom but the rebrand to Spark has turned things around.
Sky TV's emerged from its first year of viable pay TV competition with only a few scratches.
Net profit fell 19 per cent to $375 million but underlying earnings are up.
Proposed changes to GST rules for online sales are a step in the right direction, but don't go far enough, says Spark chief executive Simon Moutter.
Is Windows 10 causing UFB congestion? Chorus is rejecting a claim from telco company Digital Island.
Spark's home security system Morepork has been launched, but it's only for the company's broadband customers.
From tomorrow, Spark customers will be able to monitor their home from their smartphone with 'Morepork'.
A soldier has been awarded a higher-than-average costs payment after a long battle with internet company Orcon.
Interactive map shows the best spots to access ultra-fast broadband.
Finance Minister Bill English says the government doesn't want to spend any more money on UFB for fear it might "stuff it".
Internet company Orcon has paid an army soldier $25,000 after a long-running battle over a bogus debt.
Physical plastic sim cards could soon be a thing of the past in a move being discussed by industry heavyweights.
The best thing you can do in business is to back yourself, says Spark's Digital First general manager Anna Curzon.
A soldier who found it nearly impossible to rent a home or obtain credit because of a bogus debt is now facing a battle to claim his compensation.
New Zealand shares fell yesterday in a region-wide sell-off as uncertainty over Greece's financial stability overshadowed equity markets.
The worst monthly slump in Chinese stocks in two years wiped away more than US$34 billion ($50.8 billion) in combined net worth of the richest people in June.
The price of broadband and Chorus shares could be on the move today as the Commerce Commission releases an updated draft decision on wholesale line charges.
Broadcasters have won the 'global mode' world streaming battle - ISPs say they'll stop offering the service from September.
The brazen actions of Call Plus - promoting its Global Mode method of accessing foreign television, ultimately killed the service, says media writer John Drinnan.
Communications Minister Amy Adams announced last week that the first stage of the roll-out of the ultra-fast broadband network had passed the halfway mark.
State-owned transmission company Kordia is developing a cyber security business to counter its diminishing role in the broadcasting sector.
The Spark-owned video-on-demand service Lightbox will be bidding for streaming rights for NRL games, forcing Sky to defend its stranglehold on mainstream TV sport.
The average pay for the chiefs of New Zealand's top listed technology companies has jumped.
The next generation of mobile technology is still at least five years away, but when it arrives New Zealand could be among the first countries to get it.
Communications Minister Amy Adams wants to reduce consenting delays in the ultrafast broadband roll-out.
Chorus has won the supreme award at the Aon Hewitt Best of the Best awards in Sydney this week.
Spark says it's moving into the home security business, with a new smartphone based service named Morepork.
The Government needs to stop being a cheapskate and get real about its UFB and rural broadband investments.