0
Broadband

Chorus issues Crown Fibre Holdings securities

Monday 23 February 2015 | 06:05 CET | News
New Zealand fixed network operator Chorus has issued over 3.43 million Crown Fibre Holdings (CFH) securities at an issue price of NZD 1 per CFH equity security. Dividends will become payable on a portion of the CFH equity securities from 2025 onwards, with the portion of CFH equity securities that attract dividends increasing over time, Chorus said. The funds will be used by Chorus in the construction of the ultra-fast broadband (UFB) network in New Zealand.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Chorus / Crown Fibre Holdings
Countries: New Zealand
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Chorus deploys UFB in first North Island town

Published 27 May 2015 15:18 CET | New Zealand
New Zealand fixed-line network operator Chorus has completed building its Ultra-Fast Broadband (UFB) network in Taupo. This is ...

Chorus completes UFB deployment in Ashburton

Published 13 Mar 2015 10:53 CET | New Zealand
New Zealand fixed-line network operator Chorus has finished building its Ultra-Fast Broadband (UFB) network in Ashburton. ...

Chorus picks CSG Singleview for wholesale operations

Published 26 Feb 2015 09:03 CET | New Zealand
New Zealander telecommunications infrastructure company Chorus contracted CSG International to deploy the CSG Singleview platform ...