A flat result for telecommunications network operator Chorus.
It's profit of $91 million for the 12 months ending June 30 is unchanged from a year earlier.
Chorus blames lower regulated pricing for access to its copper services.
The copper network still represents 73 per cent of Chorus's revenue.
However total fixed-line connections fell over the year from 1.79 million to 1.76 million. while broadband connections rose from 1.21 million to 1.23 million.
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