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Chorus Limited ( (CHRUF) ) has issued an announcement.
Chorus Limited’s Q4 FY25 update highlights a significant increase in data demand, with fibre usage reaching new highs, driven by seasonal streaming and gaming activities. The company reported a net growth in fibre connections, offsetting declines in copper lines, and completed a major upgrade to its home fibre plans without additional costs to retailers. Chorus is on track to retire copper services in fibre areas by mid-2026, and is actively working to improve rural connectivity, with a proposal to expand fibre coverage to 95% of New Zealanders, a move endorsed by the government’s Infrastructure Commission.
More about Chorus Limited
Chorus Limited operates in the telecommunications industry, primarily focusing on providing fibre and copper network services in New Zealand. The company is committed to expanding fibre connectivity and improving rural network access, aiming to enhance socio-economic outcomes for communities beyond the current fibre footprint.
For a thorough assessment of CHRUF stock, go to TipRanks’ Stock Analysis page.