October 17, 2016 / 7:46 PM / a year ago

BRIEF-Chorus announces agreement with Crown Fibre

Oct 18 (Reuters) - Chorus Ltd :

* Announced a conditional agreement with Crown Fibre Holdings

* Agreement will see free residential installations continue through to 31 december 2019 for those premises connecting to UFB network

* New agreement recognises that government’s pending regulatory review has proposed building block model regulation

* Agreement is conditional on confirmation that tax status of cfh securities is unchanged

* Postponement of repayment of CFH debt & equity securities to contribute $60 million towards non-standard installation costs incurred from 2017 to 2019-end Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below