August 29, 2017 / 11:44 PM / a year ago

BRIEF-Chorus inks deal with Crown Fibre to extend ultra-fast broadband rollout

Aug 30 (Reuters) - Chorus Ltd

* FY17 final dividend to be fully underwritten; no changes to dividend guidance

* No changes to FY18 capex guidance

* Has reached an agreement with Crown Fibre to extend its ultra-fast broadband (ufb) rollout to about 60,000 more customers

* Chorus will spend around NZ$20 million to deploy VDSL vectoring capability in rural and local fibre company areas during FY18

* As part of agreement, co will also complete its current UFB2 rollout in december 2022, two years earlier than initially planned.

* Terms of agreement are consistent with previously announced UFB2 rollout.

* 54,500 rural premises to be added to Chorus’ UFB rollout at an expected communal rollout cost of NZ$135 - NZ$155 million Source text for Eikon: Further company coverage:

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