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Chorus Limited ( (CHRUF) ) has provided an announcement.
Chorus Limited’s Q2 FY25 update highlights a continued shift towards a fibre-based network, with record data usage and increased fibre connections. The company reported a decline in copper lines and a rise in fibre uptake despite seasonal variations. The growth in multi-gigabit and entry-level fibre services indicates strong demand, driven by cost-of-living pressures and business plan simplifications.
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 actively transitioning from copper to a simpler all-fibre network, adapting to changing market demands and technological advancements.
YTD Price Performance: 1.02%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.17B
Find detailed analytics on CHRUF stock on TipRanks’ Stock Analysis page.
