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CNU - Chorus News Story

NZD6.41 -0.1  -1.5%

Last Trade - 2:00am

Sector
Telecoms
Size
Mid Cap
Market Cap £1.49bn
Enterprise Value £3.12bn
Revenue £488.9m
Position in Universe 176th / 1911

BRIEF-Chorus announces agreement with Crown Fibre

Mon 17th October, 2016 8:35pm
Oct 18 (Reuters) - Chorus Ltd  CNU.NZ  : 
    * Announced a conditional agreement with Crown Fibre 
Holdings 
    * Agreement  will see free residential installations 
continue through to 31 december 2019 for those premises 
connecting to UFB network 
    * New agreement recognises that government's pending 
regulatory review has proposed building block model regulation 
    * Agreement is conditional on confirmation that tax status 
of cfh securities is unchanged 
    * Postponement of repayment of CFH debt & equity securities 
to contribute $60 million towards non-standard installation 
costs incurred from 2017 to 2019-end 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nNZW6WTsXx 
Further company coverage:  CNU.NZ  
 
 ((Bangalore.newsroom@thomsonreuters.com;))
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