Chorus Limited Reports Strong Fibre Growth
Company Announcements

Chorus Limited Reports Strong Fibre Growth

Chorus Limited (CHRUF) has released an update.

Chorus Limited’s Q3 FY24 update reveals a continued decline in copper connections, with a notable increase in fibre uptake, now at 71% across their footprint. The quarter saw a growth in high-speed residential plans and a shift in the annual timing for fibre service pricing adjustments to January. Additionally, they highlighted the importance of Wi-Fi technology upgrades in homes to support the increasing number of connected devices and peak data demand.

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

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