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Chorus Limited ( (CHRUF) ) just unveiled an announcement.
The New Zealand government has announced the commencement of a sale process for securities held by National Infrastructure Funding and Financing (NIFFCo) in Chorus Limited, valued at $1.16 billion. This move follows Chorus’s repayment of $170 million this year and is not expected to alter the terms and conditions of the securities. The sale process is a significant step in the government’s management of its investment in Chorus, potentially impacting the company’s financial structure and stakeholder relations.
More about Chorus Limited
Chorus Limited is a telecommunications company based in Wellington, New Zealand, primarily focused on providing broadband infrastructure services. The company plays a significant role in the rollout of Ultra Fast Broadband (UFB) across the country, which is a key component of its operations and market focus.
For detailed information about CHRUF stock, go to TipRanks’ Stock Analysis page.