Commerce Commission Decides Financial Loss Asset Terms For Fibre Providers. | NZ |

  • November 03, 2020 11:03 PM NZDT
  • Team Kalkine

The NZ Commerce Commission has released the final statement on its approach to assessing the value of fibre service providers' financial damages, under the new fibre regulatory framework. The financial loss asset shall obtain the unrecovered returns of the largest telco in NZ, Chorus and other local fibre firms- Enable Networks, Northpower and Ultrafast Fibre- in the initial phase of running Ultra-Fast Broadband (UFB) networks before demand reaches supply.

* Heartland Bank Amends Deed Poll Heartland Bank Limited (NZX: HBL) amended the deed poll relating to its medium-term, fixed-rate notes dated 18 August 2017. The amendment shall show recent changes to the Listing rules and correct small typographical mistakes.

* Briscoe Group Reports Robust Sales Briscoe Group Limited (NZX: BGP) announced sales of $161.3 million for Q3 ended 25 October 2020, up by 14.97% compared to the same quarter in 2019. Some of the highlights are: Homeware sales rose by 12.28% to $98.7 million, while sporting goods sales stood at $62.6 million for Q3, up by 19.48%, respectively on PCP The retailer’s year to date sales (from 27 January 2020 to 25 October 2020) rose by 2.35% to $453.7 million on PCP.


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