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1 May 2024

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CNU - Commerce Commission releases draft expenditure decision
The Commerce Commission has released a draft decision on Chorus’ proposed fibre expenditure allowances for the second price-quality period (PQP2) from 1 January 2025 to 31 December 2028

Chorus announces plan to take fibre to 10,000 more premises
Chorus has today submitted an update to the Commerce Commission regarding its proposed fibre network expansion investment for its second regulatory period, January 2025 to December 2028

Chorus issues Australian $300 million medium term notes
Chorus has today completed its inaugural issue of A$300 million fixed rate notes under its new wholesale Australian Medium Term Note (AMTN) programme. The notes carry a fixed coupon of 5.974% per annum and mature on 18 September 2030

Chorus submits 2022 fibre regulatory report
Chorus has today published its Information Disclosure for fibre fixed lines access services (FFLAS) for the 2022 disclosure year. This disclosure will also be submitted to the Commerce Commission

Chorus updates syndicated bank facility
The facility limit has been raised from NZ$350m to NZ$450m and the maturity date has been extended from April 2025 to April 2026. The covenants remain the same at 5.50 times debt to EBITDA and 2.50 times interest coverage

Chorus Q2 FY23 Connections update
The UFB rollout was completed in December with uptake remaining at 71% (rounded) • Chorus’ target of 1 million total fibre connections was achieved in mid-January, despite fibre connection growth in Q2 being affected by field workforce co

Chorus Half Year Results details: Monday 20 February 2023
Chorus will release its half year results, for the six months ended 31 December 2022, prior to market open on Monday 20 February 2023

Chorus Q1 FY23 Connections update
Total fibre connections increased by 21k to 980,000 (Q4 FY22: +20k). Fibre uptake across the completed UFB footprint grew to 71% (rounded) with deployment continuing

Chorus announces interim CFO and CCO
Chorus is pleased to announce two interim internal appointments to its executive team. This decision follows the news on 27 February 2024 that Mark Aue will succeed JB Rousselot as Chief Executive Officer

Chorus Q1 FY24 Connections update
Chorus today released its connections update for the Q1 period to 30 September. The results show steady growth in fibre connections, up 19,000 to 1,051,000

Chorus full year results date
Chorus will release its financial results for the year ended 30 June 2023 on Monday 21 August 2023. A briefing will be held at 10am (NZ time) and webcast live via www.chorus.co.nz/webcast

Chorus Q4 FY23 update
As noted at Chorus’ HY23 results, FY23 EBITDA guidance of $675m-$690m excluded potential flood and cyclone-related impacts. These FY23 EBITDA impacts are estimated to be $7m and exclude future capital expenditure, where required, for network replace

Chorus announces operating model and executive team changes
Chorus announced today that it will be migrating to a new operating model to better execute its strategy, reflect its new regulatory framework, and respond to a changing market environment

CNU - Approval granted to UniSuper Limited
Chorus has today been advised by the Crown that UniSuper Limited have been granted approval, should they choose to exercise it in the future, to acquire a relevant interest in up to 20% of Chorus shares

Chorus Q3 FY23 Connections update
UFB uptake increased from 71% to 72% across the completed footprint in Q3

Chorus Q2 FY23 Connections update
Total fibre connections increased by 17k to 997,000 (Q1 FY23: +21k). The UFB rollout was completed in December with uptake remaining at 71% (rounded)