Chorus Limited has today reported a net profit after tax (NPAT) of $148 million and earnings before interest, tax, depreciation and amortisation (EBITDA) of $649 million for the year ended 30 June 2014.
Enable, the fibre broadband network provider, has announced plans to make its services available to 33 more schools within its coverage area by the end of 2015.
Chorus has agreed to a package of improvements to New Zealand’s ultra-fast broadband initiative with Crown Fibre Holdings.
Chorus chief executive officer (CEO), Mark Ratcliffe, has stated the broadband infrastructure company is “100 per cent committed” to the ultra-fast broadband (UFB) and rural broadband initiative (RBI), and will engage with Crown Fibre Holdings (CFH) to maintain pace with contractual commitments.
Chorus is at risk of not meeting its UFB and RBI contractual commitments because the proposed copper price changes will have a significant impact on its financial position, Ernst & Young (E&Y) says.