Lockdown Restriction Had Significant Impact on Q4 Operations of Chorus

Chorus Limited (NZX:CNU) reported operational highlights for the Q4FY20. Key pointers for the quarter are given below:

  • The restrictions on non-essential activity reduced fibre installations by about approximately 15k and halted UFB2 rollout;
  • The reduced fibre installations and constraints on door to door marketing saw Q4 fibre connection growth drop to 27,000 from 32,000 in third quarter;
  • Total fixed line connections declined by 4k to 1,415,000;
  • Broadband connections returned to Q2 level of 1,206,000, with 4k growth.

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