Chorus Limited (NZX:CNU) Chorus confirms new service company agreements

Chorus announced today that it has signed new agreements for the construction, maintenance and connection to its copper and fiber network from April 2022 for a minimum duration of three years.

The new agreements are with existing service providers, Downer and UCG. Ventia, which previously operated as Broadspectrum and Visionstream, remains responsible for the contract to complete the rollout of the remaining fiber to approximately 40,000 premises and will also complete the West Coast and South Coast fiber network extensions and other projects.

Chorus GM Customer & Network Operations Andrew Carroll said the agreements provide a platform for the continued simplification of Chorus’ business as it moves from building the fiber network and connecting customers to operating and maintenance of essential broadband infrastructure.

“The consolidation of domains and businesses under the new agreements is intended to ensure that our service company partners can operate sustainably while improving the customer experience when connecting to the network or having outages repaired.” , Mr. Carroll said.

Chorus continues to see strong fiber demand in its UFB areas. More than two-thirds of customers are now connected to fiber in areas where it is available.

“With major ultra-fast broadband build programs coming to an end and new fiber installation volumes expected to slow, we have worked closely with our service companies to create a framework that appropriately balances the customer experience, costs and industry sustainability.”

The Downer contract is for three years for all services. UCG’s contract is for seven years for all services in Auckland, Northland and Waikato and three years for fiber connection elsewhere in the country. The cost of new agreements is in line with Chorus’ business plan.

The agreements incorporate the worker welfare requirements of Chorus’ Supplier Code of Practice and Chorus will work closely with all service companies over the coming months to facilitate a smooth transition to the new agreements.

Please see the link below for more details

New service company agreements

Source: Chorus Limited

General Finance Advertising

Comments from our readers

no comments yet

Add your comment:

Related News:

Morning Report February 4, 2022
Morning Report February 3, 2022
Serko Limited (NZX:SKO) Trading Terms Update
Skellerup Holdings Limited (NZX:SKL) updates NPAT guidelines for the first half of FY22
Tower Limited (NZX:TWR) Tower provides business update and reconfirms guidance
Morning Report February 2, 2022
New Zealand King Salmon Investments Limited (NZX: NZK) Market Update
General Capital Limited (NZX:GEN) General Subsidiary Finance Update
Morning Report February 1, 2022
ikeGPS Group Limited (NZX:IKE) Third Quarter FY22 Performance Update

Veronica J. Snell