Chorus signals higher dividends as UFB build nears end

Mon, 24 Feb 2020

Chorus has signalled plans to pay bigger dividends after an extended period of constrained returns while it built the bulk of the country’s fibre network.The telecommunications network operator today lifted annual earnings guidance, in part because of its efforts in cutting costs, but also as fibre connection growth remains strong.It lifted earnings before interest, tax, depreciation and amortisation 4.4 percent to $332 million in the six months ended Dec. 31, and said it expects ebitda to be between $640 million and $650 million in the year en...

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