Chorus is a provider of telecommunications infrastructure throughout New Zealand. It is listed on the NZX stock exchange and is in the NZX 50 Index. It is the owner of the majority of telephone lines and exchange equipment in New Zealand. It is responsible for building approximately 70% of the new fibre optic Ultra-Fast Broadband network, and received a government subsidy of $929 million to do it. The company was split from Telecom New Zealand in 2011, as a condition of winning the majority of the contracts for the Government's Ultra-Fast Broadband Initiative. By law, it cannot sell directly to consumers, but instead provides wholesale services to retailers. More information...
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