Chorus Limited (CHRUF) has released an update.
Chorus Limited, a New Zealand-based company, has announced an increase in both capital and operating expenditure allowances following the Commerce Commission’s final decision for their next four-year regulatory period starting January 2025. The capital expenditure allowance has been raised to $1,140 million, while operating expenses are now allowed up to $790 million, marking an increase from the draft decision. These adjustments reflect Chorus’ focus on improving its fibre infrastructure, a critical component for many New Zealanders, with a final Price Quality decision expected in the last quarter of 2024.
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