Chorus delivered a net profit of $66 million for the first half.
Why shares fell after what was, on the face of it, good news from the government.
'Copper tax' war veterans relaxed, Chorus investors subdued about deregulation of copper lines post-2020
The death of copper lines would likely be accelerated – and UFB fibre uptake boosted – by a tweak suggested by the government today.
Communications Minister Simon Bridges today unveiled plans to deregulate the copper network where it competes with fibre from 2020