Chorus gives more fibre work to Visionstream, warns build cost will be at top end of guidance

Thu, 06 Oct 2016

By Paul McBeth Oct. 7 (BusinessDesk) - Chorus has handed more of its New Zealand ultrafast broadband network building work to Australia's Visionstream, while warning the cost of the project will be at the top end of its projected range. The Wellington-based company appointed ASX-listed Cimic Group subsidiary Visionstream to take over work that had previously been done by engineering firm Downer, which elected not to retender for the contract, it said in a statement. That means Visionstream will cover 80 percent of Chorus's UFB areas, wit...

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