Sharechat Logo

Chorus Limited (NZX: CNU) Q2 FY21 Connections Update

Tuesday 26th January 2021

Text too small?

Q2 FY21 overview

Fibre uptake increased to 63% with the UFB rollout now 92% complete

Fibre broadband connections increased by 29k (Q1 FY21: +33k; Q2 FY20: +36k)

• 1Gbps connections increased 8k

• fibre uptake across the completed UFB footprint grew from 62% to 63%

• fibre uptake in UFB1 areas is at 66%, with growth strongest in Kapiti/Wellington and Waiheke Island

• recently completed UFB2 townships include Matapouri, Taipa Bay Mangonui, Taumarunui, Karapiro, Hunterville, Cheviot, Amberley, Lawrence

• average monthly data usage on fibre increased to 460GB, up from 456GB in Sept (including upstream traffic)

Copper broadband and voice connections declined by 50k (Q1 FY21: -57k; Q2 FY20: -48k)

Total broadband connections declined by 10k to 1,183,000* (Q1 FY21: -13k; Q2 FY20: no change)

• Q2 reduction in broadband reflects combined seasonal effect of student holiday disconnections (e.g. fibre uptake reduced in Dunedin), inertia selling campaigns by fixed wireless providers and COVID-19 impact on net migration

• Statistics NZ notes COVID border restrictions have reduced population growth significantly, with the gain from migration reducing from 6,000 a month pre-COVID to ~600 a month

Total fixed line connections declined by 21k to 1,369,000* (Q1 FY21: -25k; Q2 FY20: -12k)

*totals exclude the 11,000 broadband connections Chorus is currently providing free to student households

See the links below for more details:

Q2 FY21 Update Cover

Q2 FY21 Connections Update

Source: Chorus Limited

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Move Logistics Group Limited (NZX: MOV) Announces $40m Capital Raise
27th October 2021 Morning Report
The a2 Milk Company Limited (NZX: ATM) Investor Day 2021
Contact Energy Limited (NZX: CEN) Considers Green Capital Bond Offer
Tourism Holdings Limited (NZX: THL) Sells Mighway and SHAREaCAMPER to Camplify
26th October 2021 Morning Report
Harmoney Corp Limited (NZX: HMY) Prices $105m Inaugural ABS Transaction
New Zealand Rural Land Company Limited (NZX: NZL) Agreement to acquire large scale dairy asset portfolio
EROAD Limited (NZX: ERD) launches Clarity Solo Dashcam
22nd October 2021 Morning Report