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.