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Chorus Limited ( (NZ:CNU) ) has provided an update.
UniSuper Limited, acting as trustee for UniSuper and through UniSuper Management Pty Limited, has increased its substantial shareholding in Chorus Limited, according to a new substantial holder notice filed under Australia’s Corporations Act. UniSuper’s voting power in Chorus has risen from 13.34% to 18.47%, reflecting a series of on-market and off-market transactions over 2024 to early 2026 that lifted its stake to 80,121,058 ordinary shares.
The change cements UniSuper as a significant institutional investor in the New Zealand network operator, potentially giving it greater influence over key shareholder decisions. For Chorus, the enlarged position underscores continuing interest from long-term infrastructure-focused capital, which may signal confidence in the company’s regulated returns and the stability of its telecommunications asset base.
The most recent analyst rating on (NZ:CNU) stock is a Sell with a N$7.45 price target. To see the full list of analyst forecasts on Chorus Limited stock, see the NZ:CNU Stock Forecast page.
More about Chorus Limited
Chorus Limited operates as a telecommunications infrastructure provider, focusing on the deployment, ownership, and management of fixed-line broadband networks in New Zealand. The company’s core services include wholesale access to fibre and copper networks for internet retailers, positioning it as a critical utility-style player in the country’s digital connectivity market.
Average Trading Volume: 249,194
Technical Sentiment Signal: Buy
Current Market Cap: N$4.4B
For detailed information about CNU stock, go to TipRanks’ Stock Analysis page.