Debt Investor Presentation November 2019 slide image

Debt Investor Presentation November 2019

Legislation passed in November 2018 87% of population where fibre will be available by end of 2022 Fibre access network Regulated asset base (RAB) with revenue cap to be determined by Commerce Commission Price caps on contracted fibre products with annual inflation adjustment, until 2022. Price caps then only apply to fibre voice service, a fibre broadband service and direct fibre Copper - where fibre is available: Copper network to be deregulated and Telecommunications Service Obligation (TSO) removed Chorus can withdraw copper service subject to minimum consumer protection requirements being developed by the Commission and due by mid-2020 Remaining 13% of population Copper - where fibre is not available: -> Copper remains regulated and TSO applies Copper pricing capped at 2019 levels with CPI adjustments Commission required to review pricing framework no later than 2025 Unbundled fibre (commercial price) to be available in UFB1 areas from 2020 and UFB2 areas from 2026 Three years after new regime commences, the Commission can review the revenue cap model and anchor products, subject to specified conditions and statutory criteria 21 November 2019 DEBT INVESTOR PRESENTATION CHORUS
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