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CNU - Chorus News Story

NZD6.27 -0.1  -1.3%

Last Trade - 5:59am

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

BUZZ-NZ's Chorus falls as virus-led restrictions hit Q4 fibre activity

Fri 10th July, 2020 12:56am
** Shares of telecom services provider Chorus Ltd  CNU.NZ 
down 6% to NZ$7.230
    ** Stock posts its biggest intraday percentage fall since
March 23
    ** Co says its total fixed line connections in Q4 declined
by 4,000 to 1.4 mln from a year earlier due to lockdown
 urn:newsml:reuters.com:*:nNZW39nTlN
    ** Says restrictions on non-essential activity reduced fibre
installations by about 15,000 and halted ultra-fast fibre
broadband rollout in the second phase
    ** Stock hits its lowest level since July 3
    ** Stock on track for a third consecutive session of loss;
up 24.4% this year, as of last close

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))
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