Lias:
richms:
If there is an issue with poor people then it should be addressed thru work and income, they already provide funding for a phone for people who are job seeking and do not have one. Not up to chorus to operate as a charity to these people when it is something the welfare state should be providing.
I don't think I could disagree more. I've been calling for Telecom, and then post split Chorus, to be run as a not for profit community trust like various lines trusts for years. At a minimum as long as they have a government issued monopoly (or near monopoly) they should be regulated to limit profits, and put consumers first. Any day a Chorus shareholder is happy, is not a good day for the people of NZ.
Chorus will have both a price cap and a revenue cap under this regime.
Chorus share prices dropped on this announcement and analysts say this is overall bad for the company.