Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Chorus lifts broadband connections 1.1% in first quarter

Chorus lifts broadband connections 1.1% in first quarter

April 16 (BusinessDesk) – Chorus, the network operator spun out of Telecom in 2011, increased its broadband connections by 1.1 percent in the first quarter while its fixed-line connections edged up 0.2 percent.

Broadband connections rose to 1.144 million at March 31, from 1.132 million at Dec. 31, the Wellington-based company said in a statement. The biggest gain was in enhanced unbundled bitstream access connections which increased by 20,000 to 767,000 over the quarter.

The company’s fixed-line connections edged up to 1.779 million from 1.776 million. The biggest gain was in fibre connections, which rose by 8,000 to 35,000. Chorus said some of the increase included trial lines not previously billed.

Chorus is investing about $3 billion, including up to $929 million of government financing, to deliver fibre optic broadband infrastructure directly to more than 800,000 schools, businesses, medical facilities and homes.

The company is extending its ultrafast broadband network, with fibre now passing about 228,000 premises, bring 297,000 end users within reach, it said. Some 66,500 rural lines were within reach of better broadband at the end of the quarter as part of its rural broadband rollout, it said.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO: