Chorus Limited (CHRUF) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Chorus Limited reports a notable increase in fibre uptake to 71.4% with a growth of 10,000 new fibre connections in the last quarter, despite a slight decrease from the previous quarter’s growth. Average monthly data usage on fibre has surged past COVID lockdown levels, reaching 623 gigabytes in June, as consumers demand higher speeds, with a significant number now using over 1 terabyte. The company is also observing a continued decline in copper network connections, with only 45,000 remaining in fibre areas, further underscoring the global trend towards fibre networks.
For further insights into CHRUF stock, check out TipRanks’ Stock Analysis page.