Chorus Says New Zealand's Commerce Commission Sets Annual Revenue for Fiber

MT Newswires Live

2024/12/13

Chorus (ASX:CNU, NZE:CNU) said New Zealand's Commerce Commission set the annual revenue for fiber for the years 2025 to 2028 in the range of NZ$957 million to NZ$1.08 billion, according to a Friday filing with the Australia and New Zealand bourses.

The decision, based on updated inputs from the company's 2023 financial disclosures and the Commission's August expenditure allowances decision, includes pass-through costs and wash-ups, the filing said.

The telecommunications infrastructure company said it is reviewing the Commission's decision.

Shares of the company fell almost 1% in recent Friday trade in New Zealand.

Price (AUD): $8.19, Change: $+0.02, Percent Change: +0.18%

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