Chorus will spend as much as $965 million over the next two years in the roll out of its ultra-fast and rural broadband networks, in line with guidance.

New Zealand shares fall, led by Chorus amid disappointment the regulator is proposing cheaper access to its copper lines, which has the potential to hit earnings.

Chorus and Orcon are disgruntled with a Commerce Commission price determination - for opposite reasons. And one outraged investor warns the move could put a chill down the spine of anyone looking to invest in a New Zealand infrastructure company.

Joyce says AXA-AMP merger was behind the decision to let AMP Capital raises its stake in Chorus to up to 15%. The minister responds to the question - why not make AMP Capital sell shares?