close
MENU
Investment
5 mins to read

Chorus targets 80% fibre uptake with launch of new propositions

NZX-listed company continues move from network builder to operator under new CEO Mark Aue.

A Chorus van does the rounds.

Will Mace Mon, 26 Aug 2024
Key points
  • Revenue: up 3% to more than $1 billion for the first time
  • Profit: down from $25m profit to $9m loss on one-off items.
  • Main takeaway: Strategic change under new CEO should warm up broadband market competition.

Chorus’s new chief executive Mark Aue has unveiled a fresh strategy aimed at lifting New Zealand’s fibre uptake to 80% of addresses that its fibre network passes by 2030.

The uptake measure grew two percentage points to 71.4% over the year to the end of June 2024, which was up from 69.3% and

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Smartphone Only Subscription

NZ$29.95 / monthly

Monthly Premium Online Subscription

NZ$49.95 / monthly

Smartphone Only Annual Subscription

NZ$299.00 / yearly

Yearly Premium Online Subscription

NZ$499.00 / yearly

Premium Group Membership 10 Users

NZ$385+GST / monthly

$38.5 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$660+GST / monthly

$33 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1375+GST / monthly

$27.5 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$2100+GST / monthly

$21 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$999.00 / yearly

Already have an account? Login
Will Mace Mon, 26 Aug 2024
Contact the Writer: william@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low

Free News Alerts

Sign up to get the latest stories and insights delivered to your inbox – free, every day.

I’m already subscribed/joined

Free News Alerts

Sign up to get the latest stories and insights delivered to your inbox – free, every day.

I’m already subscribed/joined
Key points
  • Revenue: up 3% to more than $1 billion for the first time
  • Profit: down from $25m profit to $9m loss on one-off items.
  • Main takeaway: Strategic change under new CEO should warm up broadband market competition.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Chorus targets 80% fibre uptake with launch of new propositions
Investment,
105534
true