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CNU - Chorus News Story

NZD6.27 -0.1  -1.3%

Last Trade - 5:59am

Mid Cap
Market Cap £1.45bn
Enterprise Value £3.07bn
Revenue £488.2m
Position in Universe 177th / 1912

BRIEF-Chorus Ltd says Visionstream takes downer fibre installs

Thu 6th October, 2016 8:32pm
Oct 7 (Reuters) - Chorus Limited (NS)  CNU.NZ  :  
    * Chorus expects that some downer technicians will be 
affected by change 
    * Chorus expects to be able to hold average connection costs 
per unit flat in nominal terms across term of this contract 
    * Separately assessing future capitalisation policies in 
relation to Nga related provisioning costs 
    * Visionstream takes downer fibre installs & guidance effect 
    * Service company partner visionstream will be taking over 
fibre installations in areas that are currently being serviced 
by downer 
    * Fibre uptake is significantly ahead of expectations 
    * Chorus now expects to track at top end of total programme 
view for average cost to connect standard residential premises 
of NZ$900 to NZ$1,100 in 2011 dollars 
    * Chorus may provide an update to guidance when this work is 
completed later in FY17 
Source text for Eikon:*:nNZW80rsK 
Further company coverage:  CNU.NZ  
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