Chorus Limited is a provider of telecommunications infrastructure throughout New Zealand. It is listed on the NZX stock exchange and is in the NZX 50 Index. It is the owner of the majority of telephone lines and exchange equipment in New Zealand. It is also responsible for building approximately 70% of the new fibre optic Ultra-Fast Broadband network. It has received a government subsidy of $929 million to build the new fibre network.
The company was demerged from Telecom New Zealand in 2011 (now Spark), as a condition of winning the majority of the contracts for the Government’s Ultra-Fast Broadband Initiative. By law, it cannot sell directly to consumers, instead it provides wholesale services to retailers.
Traded as: NZX: CNU; ASX: CNU
Industry: Telecommunications
Founded: 2011; 9 years ago
Headquarters: Wellington, New Zealand
Products: Telecommunications, fibre optic infrastructure
Website: www.chorus.co.nz