Chorus’ fixed line and broadband connections fall

Company News

by Jessica Amir

New Zealand’s telecommunication giant, Chorus (ASX:CNU) has advised that total fixed line connections have fallen by 20,000 with customers making the switch to fibre and other products.

It also advised broadband connections fell significantly by 2,000, also over the three months to September.

Meantime, Chorus says its seeing more customers than ever before switching to broadband on copper or fibre.

It also announced the market that the use of broadband is continuing to be driven by strong demand for video streaming.

Shares in Chorus (ASX:CNU) closed about 0.6 per cent lower to $3.51.

Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents the Market Outlook, Market at Midday and Market Wrap. She also presents ASX company news and interviews CEOs. She joined FNN in January 2017 with six years of broadcast journalism experience. She worked as a journalist and producer with Sky News Business, ABC 1, ABC's The Business and ABC24. She also worked in regional Australia for Prime 7 and WIN News as a TV reporter. In her prior life she worked as a financial planner.