Chorus Ltd
CNU: XNZE (NZL)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| NZD 1.30 | Jjvg | Rntcxvly |
Chorus Continues to Deliver Steady Performance
Business Strategy and Outlook
Chorus was demerged from Telecom New Zealand in 2011 and is the largest fixed-line access telecommunications infrastructure (copper and fiber) entity in New Zealand. It owns and operates a national fixed-line network that includes local phone exchanges and copper and fiber cables. Chorus partnered with the government in rolling out fiber to the premises though the ultra-fast broadband, or UFB, initiative. As a near-monopoly operator, Chorus' wholesale prices are regulated by the Commerce Commission, or ComCom.