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CNU - Chorus News Story

NZD6.65 0.0  0.0%

Last Trade - 6:00am

Sector
Telecoms
Size
Mid Cap
Market Cap £1.53bn
Enterprise Value £3.17bn
Revenue £492.3m
Position in Universe 168th / 1907

BRIEF-Chorus inks deal with Crown Fibre to extend ultra-fast broadband rollout

Wed 30th August, 2017 12:34am
Aug 30 (Reuters) - Chorus Ltd  CNU.NZ  
    * FY17 final dividend to be fully underwritten; no changes 
to dividend guidance 
    * No changes to FY18 capex guidance 
    * Has reached an agreement with Crown Fibre to extend its 
ultra-fast broadband (ufb) rollout to about 60,000 more 
customers 
    * Chorus will spend around NZ$20 million to deploy VDSL 
vectoring capability in rural and local fibre company areas 
during FY18 
    * As part of agreement, co will also complete its current 
UFB2 rollout in december 2022, two years earlier than initially 
planned. 
    * Terms of agreement are consistent with previously 
announced UFB2 rollout. 
    * 54,500 rural premises to be added to Chorus' UFB rollout 
at an expected communal rollout cost of NZ$135 - NZ$155 million 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nNZW90d7CH 
Further company coverage:  CNU.NZ  
 
 ((Bangalore.newsroom@thomsonreuters.com;))
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