Chorus to resume dividends thanks to copper price hike

Friday 19 February 2016 | 11:31 CET | News
New Zealand wholesale operator Chorus reported financial results for the six months ended 31 December 2015 down sharply on the prior period because of lower regulated copper prices since December 2014. Net profit fell to NZD 33 million from NZD 64 million for the same period in the prior year, and EBITDA dropped to NZD 275 million from NZD 321 million. Operating revenues totaled NZD 479 million and operating expenses NZD 204 million. The conclusion of the recent copper pricing review, resulting in an increase in wholesale prices, means Chorus can begin paying dividends to shareholders for the

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.


Already registered?

Categories: Fixed
Companies: Chorus
Countries: New Zealand
::: add a comment
This article is part of dossier


Add comment

Please login or register to leave a 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.


Chorus completes first phase of fibre broadband deployment

Published 25 Nov 2019 08:41 CET | New Zealand
New Zealand operator Chorus has announced it has completed its 9-year project to bring broadband connection to 28 towns and ...

Chorus forecasts higher EBITDA, dividend in coming year

Published 29 Aug 2016 09:34 CET | New Zealand
New Zealand wholesale operator Chorus reported a net profit of NZD 91 million for its fiscal year to June, unchanged from a year ...

Chorus CEO Ratcliffe to step down next year

Published 29 Aug 2016 09:17 CET | New Zealand
New Zealand wholesale operator Chorus announced that its CEO Mark Ratcliffe gave notice of his intention to step down by the ...

Chorus completes Rural Broadband Initiative

Published 09 Jun 2016 15:31 CET | New Zealand
Chorus announced that the company has completed its five-year project under the Government's Rural Broadband Initiative (RBI), ...

Commission consults on Chorus UBA service terms

Published 11 Apr 2016 19:28 CET | New Zealand
The New Zealand Commerce Commission has opened a consultation on the review of non-price terms for Chorus' Unbundled Bitstream ...

Chorus to change service company partner around Wellington

Published 07 Apr 2016 13:04 CET | New Zealand
Chorus has announced that from May, Visionstream will be carrying out fibre installations in Wellington, Kapiti Coast and ...

Vodafone NZ welcomes simplified UFB consent process

Published 23 Feb 2016 21:26 CET | New Zealand
Vodafone New Zealand had welcomed new regulations announced by the Government to streamline the process for ultra-fast broadband ...

NZ govt changes consent rules for UFB installations

Published 23 Feb 2016 18:27 CET | New Zealand
The New Zealand government has agreed to streamline consenting rules to help accelerate the installation of Ultra Fast Broadband ...

New Zealand approves increase in wholesale copper prices

Published 15 Dec 2015 08:11 CET | New Zealand
New Zealand's Commerce Commission issued its final decision setting the wholesale prices that Chorus can charge for use of its ...

Chorus FY results hit by regulatory pricing decisions

Published 24 Aug 2015 17:13 CET | New Zealand
New Zealand fixed-line network operator Chorus has reported a net profit after tax of NZD 91 million for FY 2015, compared to NZD ...

Commerce Commission releases draft Chorus FPP prices

Published 02 Jul 2015 11:21 CET | New Zealand
New Zealand fixed-line network operator Chorus has received the latest draft determination from the Commerce Commission on a ...

Chorus net profit, EBITDA decline in H1

Published 23 Feb 2015 05:51 CET | New Zealand
New Zealand fixed-network operator Chorus reported a net profit after tax of NZD 64 million for the six months ended 31 December ...

Calendar   /   Industry Events

25 Jan European 5G Conference
26 Jan AT&T Q4 2021
26 Jan Corning Q4 2021
26 Jan Intel Q4 2021
26 Jan Calix Q4 2021
26 Jan Crown Castle Q4 2021
27 Jan Extreme Networks fiscal Q2
27 Jan Apple fiscal Q1
27 Jan Juniper Networks Q4 2021
27 Jan STMicroelectronics Q4 2021
27 Jan Samsung Electronics Q4 2021
27 Jan MTN Nigeria Q4 2021
27 Jan Elisa Q4 2021
27 Jan Rogers Communications Q4 2021
27 Jan Comcast Q4 2021
27 Jan FCC meeting
28 Jan SK Hynix Q4
28 Jan Charter Communications Q4
28 Jan Telia Lithuania Q4 2021
28 Jan Telia Company Q4 2021
31 Jan KPN Q4 2021
31 Jan Cirrus Logic Q3
31 Jan NXP Semiconductors Q4 2021
31 Jan NEC fiscal Q3
31 Jan Harmonic Q4
01 Feb Tele2 Q4
01 Feb A10 Networks Q4
01 Feb Vantage Towers fiscal Q3
01 Feb Vodacom fiscal Q3
01 Feb EA fiscal Q3
::: More Calendar Items