tiprankstipranks
Chorus Limited Faces Commission’s Expenditure Cuts
Company Announcements

Chorus Limited Faces Commission’s Expenditure Cuts

Chorus Limited (CHRUF) has released an update.

Don't Miss our Black Friday Offers:

The Commerce Commission has proposed slashing Chorus Limited’s operating and capital expenditure for the 2025-2028 period, approving significantly lower amounts than the company’s request. Chorus has expressed disappointment, particularly regarding the operating expenditure reduction, and plans to submit a detailed review highlighting the impact on consumer outcomes. A final decision from the Commission is expected in the third quarter of 2024, with a draft decision on maximum allowable revenue to follow in the fourth quarter.

For further insights into CHRUF stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskChorus Limited Issues New CIP1 Warrants
TipRanks Australian Auto-Generated NewsdeskChorus Limited Shareholders Approve Key Resolutions
TipRanks Australian Auto-Generated NewsdeskChorus Limited Embraces Virtual Meeting for Annual Gathering
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App