Chorus welcomes increased fibre expenditure allowances

Chorus has welcomed the Commerce Commission's final decision on its capital and operating expenditure allowances for fibre.

The decision, which is for the next four-year regulatory period starting in January 2025, includes an increase in the total capital expenditure allowance to $1.14 billion, up from $1.13b in the draft decision.

The total operating expenditure allowance has also been raised to $790 million, up from $691m.

Chorus chief corporate and regulatory officer, Julian Kersey, said the improvements to the draft decision will benefit customers who rely on the company's fibre services.

Chorus is now reviewing the details of the decision and expects to provide an update on its capital management review at its full-year results on August 26, 2024.