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.

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