Chorus Limited ( (CHRUF) ) has shared an announcement.
Chorus Limited has welcomed the Commerce Commission’s draft recommendation to deregulate wholesale copper services, citing the widespread availability of alternative technologies such as wireless and satellite. With only 10% of its connections still on copper, Chorus plans to retire its copper network by 2030, aligning with the Commission’s view that regulation is no longer necessary to promote competition. The company emphasizes a consumer-centric approach to transitioning remaining copper users to modern services.
More about Chorus Limited
Chorus Limited operates in the telecommunications industry, providing wholesale copper and fiber services in New Zealand. The company focuses on transitioning from copper to more advanced technologies like fiber, wireless, and satellite services.
YTD Price Performance: -5.10%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.01B
See more insights into CHRUF stock on TipRanks’ Stock Analysis page.