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 joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She was a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked as a financial planner and real estate agent.