Chorus lifts profit as fibre use grows and copper network retires
The telecommunications infrastructure company reported higher profit and earnings, forecasting AI and data centres will drive further growth.
Chorus increased revenue to $1 billion and net profit to $37 million for the year to June, as its fibre rollout steadied and copper network retirement accelerated. The company predicted modest earnings and dividend increases ahead. AI adoption, battery banks, data centres and a potential inter-island cable are expected to support future growth.
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RNZ
Chorus boosts profit as fibre use rises, predicts AI will drive up earnings
The company forecast a modest increase in earnings and dividends, with the future "digital, AI-enabled and dependent on fibre".
NZ Herald
Chorus profit jumps, dividend swells, more growth forecast for FY2027
AI, battery banks, data centres and a potential inter-island cable seen driving growth.
BusinessDesk
Chorus profit up as fibre rollout steadies and copper retirement accelerates
Chorus has increased its earnings and net profit as the fibre rollout steadies and the copper network's retirement accelerates. The telecommunications infrastructure firm published its results for the year to June 30 on Monday, showing revenue up 1.5% to $1…