Chorus extends fibre to another 200,000 customers

Company News

by Jessica Amir

Provider of telecommunications infrastructure, Chorus Limited (ASX:CNU), has announced it will extend ultra-fast broadband (UFB) fibre to another 200,000 homes and businesses in New Zealand.

It comes as the New Zealand Company reached an agreement with Crown Fibre Holdings, to expand its rollout to another 169 areas.

Chorus already supplies UFB fibre to 1.1 million customers and says it’s delighted to be working with the Government on the project.

Chorus has also seen a huge surge in demand for UFB network connection.

Chorus Limited (ASX:CNU) posted a net profit of $86.76 million at 30 June 2016.

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.

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