Written By: - Date published: 8:40 am, December 17th, 2013 - 35 comments
The Government appears to be softening us up for a financial contribution to Chorus in the realm of $250 million so that it can do what it has a contractual obligation to do anyway. And TUANZ thinks that some insider trading is going on with Chorus’s shares.
Written By: - Date published: 2:19 pm, December 5th, 2013 - 50 comments
In news this week a Putaruru woman walked 25 kilometers to attend a compulsory WINZ meeting despite there being no jobs available and the Government signalled that it was going to help Chorus with costs overruns despite Chorus having a contractual obligation to roll out the fibre optic network. On Planet Key beneficiaries are obviously expected to comply with their requirements no matter what but rich corporations will be given a helping hand when times get tough.
Written By: - Date published: 6:49 pm, November 28th, 2013 - 32 comments
Every other political party has said an emphatic no to National’s proposal to override the Commerce Commission’s reduction in broadband charges. I suspect that Cabinet and Chorus’s board are not having a very good day …
Written By: - Date published: 9:19 am, November 6th, 2013 - 103 comments
The Chorus fibre roll out deal with the Government is one of those issues that promises to embarrass the Government deeply, more deeply than us lefties may think. Because amongst the ranks of this Government’s supporters are those who hold close to principles. They not be our principles but nevertheless from the view of the right are just as if not more important than ours. One of the most important is the sanctity of the market. This is why some on the right are distraught at the generosity being shown to one of our largest corporates.
Written By: - Date published: 2:46 pm, November 5th, 2013 - 61 comments
The Commerce Commission has now decided that there should be a significant reduction in broadband costs although not as much as previously proposed. Chorus has responded by saying that it may not be able to complete the fibre outlay. John Key is suggesting that Chorus could be nationalised. And the right wing are in revolt. How has National been able to muck this issue up so badly?