Chorus (NZE:CNU, ASX:CNU) said total fiber connections rose by about 6,000 lines to nearly 1.1 million connections in the second quarter ended Dec. 31, 2024, according to a Wednesday filing with the Australian bourse.
This offset a decline of 4,000 copper broadband lines in Chorus fiber areas, per the filing.
The telecommunications company disconnected 16,000 copper lines during the quarter, leaving about 123,000 copper lines as of Dec. 31.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.