Chorus gets access to early Crown Fibre funding for a price

Thu, 17 Jul 2014

By Paul McBeth July 18 (BusinessDesk) - Chorus, the telecommunications network operator tasked with building the bulk of the nation's ultrafast broadband network, has cut a deal with Crown Fibre Holdings to bring forward funding of $178 million, though at a high interest rate and most likely at the cost of the company paying shareholders a dividend. The Wellington-based company has a conditional agreement with Crown Fibre Holdings, the government entity funding the UFB build, which would grant Chorus a facility to bring forward funding bu...

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