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Chorus reduces FY capex guidance on covid-19 lockdown, maintains EBITDA guidance

Friday 27 March 2020 | 11:43 CET | News
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New Zealand operator Chorus reports that it has suspended non-essential field activity to support the Government objective of eliminating the risks of spreading Covid-19. This means certain planned capital expenditure will be deferred for the duration of the month-long isolation period. On this basis, Chorus is reducing its FY20 gross capital expenditure guidance from a prior range of NZD 660 million to NZD 700 million, to a new range of NZD 610 million to NZD 650 million. Guidance for individual capital expenditure categories is not being updated at this time. FY20 EBITDA guidance remains

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Categories: Fixed
Companies: Chorus
Countries: New Zealand
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