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Chorus
-6.38%
Telecom service & equipment / Telecommunications and Network Infrastructure
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Chorus is a telecommunications infrastructure provider based in New Zealand. They own and operate the majority of the country's fixed-line telecommunications network, including the copper and fibre networks. Chorus was formed in 2011 as part of a split of Telecom New Zealand, which was the incumbent telecommunications provider in New Zealand. In 2012, Chorus demerged from Telecom New Zealand and became a standalone company listed on the New Zealand Stock Exchange.
Chorus works closely with other telecommunications providers, known as Retail Service Providers (RSPs), to deliver services to end customers. RSPs use Chorus' network infrastructure to provide services such as broadband, landline phone, and TV to their customers.
Chorus is responsible for maintaining and upgrading the telecommunications network in New Zealand. They are also responsible for the installation and maintenance of fibre connections for homes and businesses. Chorus is focused on building a modern, high-speed network that can support the growing demand for data and technology.
In addition to their infrastructure role, Chorus is also committed to being a socially and environmentally responsible company. They have initiatives in place to reduce their environmental impact, promote diversity and inclusion, and support local communities.
Chorus is one of the largest infrastructure providers in New Zealand, with a team of over 1,500 employees. They have a strong commitment to delivering reliable and affordable telecommunications services to all New Zealanders.
Chorus works closely with other telecommunications providers, known as Retail Service Providers (RSPs), to deliver services to end customers. RSPs use Chorus' network infrastructure to provide services such as broadband, landline phone, and TV to their customers.
Chorus is responsible for maintaining and upgrading the telecommunications network in New Zealand. They are also responsible for the installation and maintenance of fibre connections for homes and businesses. Chorus is focused on building a modern, high-speed network that can support the growing demand for data and technology.
In addition to their infrastructure role, Chorus is also committed to being a socially and environmentally responsible company. They have initiatives in place to reduce their environmental impact, promote diversity and inclusion, and support local communities.
Chorus is one of the largest infrastructure providers in New Zealand, with a team of over 1,500 employees. They have a strong commitment to delivering reliable and affordable telecommunications services to all New Zealanders.
What is special about the company?
The Chorus company is known for its innovative and high-quality vocal performances. They are also noted for their diverse repertoire, incorporating a variety of musical styles and genres. Additionally, the Chorus company is dedicated to promoting accessibility and diversity in the arts, often collaborating with other organizations and artists to create inclusive and socially conscious productions. Their performances are often praised for their powerful and emotional impact, gaining them a loyal following and critical acclaim.
What the company's business model?
Chorus is a telecommunications infrastructure and services company based in New Zealand. Its business model centers around providing access to high-speed broadband internet, phone, and TV services to customers through its nationwide fiber network. Chorus is responsible for building and maintaining the majority of New Zealand's fixed-line telecommunications infrastructure, which includes over 1.5 million broadband connections and around 600,000 phone and TV connections.
The company earns revenue from both residential and business customers who subscribe to its services, as well as from telecommunications providers who use its network to deliver services to their own customers. Chorus also generates revenue from the government through subsidies for the rollout of its network in rural and remote areas.
Chorus's business model involves ongoing investment in the expansion and maintenance of its network, as well as the development of new products and services to meet changing customer needs. The company also focuses on delivering high-quality customer service and building strategic partnerships with other telecommunications providers.
The company earns revenue from both residential and business customers who subscribe to its services, as well as from telecommunications providers who use its network to deliver services to their own customers. Chorus also generates revenue from the government through subsidies for the rollout of its network in rural and remote areas.
Chorus's business model involves ongoing investment in the expansion and maintenance of its network, as well as the development of new products and services to meet changing customer needs. The company also focuses on delivering high-quality customer service and building strategic partnerships with other telecommunications providers.
Interesting facts about the company
and its history
1. The Chorus company is a telecommunications company based in New Zealand that provides broadband and fixed-line services.
2. It was founded in 2011 as a result of a demerger from Telecom New Zealand (now Spark New Zealand).
3. Chorus is listed on the New Zealand and Australian stock exchanges and is majority owned by institutional investors.
4. The company’s name, Chorus, is derived from the term used to describe a group of performers who support the main actors in a play.
5. Chorus is the largest telecommunications infrastructure company in New Zealand, owning and maintaining over 28,000 km of fibre optic cable networks.
6. The company has a workforce of over 1,600 employees and contractors, with a focus on creating a diverse and inclusive work environment.
7. In 2016, Chorus was awarded the Rainbow Tick, recognizing their commitment to creating a safe and inclusive workplace for LGBTQ+ employees.
8. In 2017, Chorus won the Deloitte Top 200 Company of the Year award, recognizing their strong financial performance and company culture.
9. Chorus has been involved in community and charitable initiatives, including partnering with local schools and organizations to promote digital literacy and supporting disaster relief efforts.
10. In 2020, Chorus announced an ambitious goal to be a net-zero carbon emissions company by 2050, setting a benchmark for sustainability in the telecommunications industry.
11. The company has faced challenges in recent years, including pressure to lower prices from the New Zealand government and a decline in traditional landline services.
12. Chorus has also faced criticism for its controversial rollout of the Ultra-Fast Broadband (UFB) network, which has been plagued by delays and cost overruns.
13. Despite these challenges, Chorus has continued to invest in new technologies and services, such as its 5G mobile network and the development of a digital marketplace for telecommunications services.
14. In 2021, Chorus announced plans to expand its broadband coverage to 97% of New Zealand by 2024, further cementing its position as a leader in the telecommunications industry.
See Company Due Diligence:
1. The Chorus company is a telecommunications company based in New Zealand that provides broadband and fixed-line services.
2. It was founded in 2011 as a result of a demerger from Telecom New Zealand (now Spark New Zealand).
3. Chorus is listed on the New Zealand and Australian stock exchanges and is majority owned by institutional investors.
4. The company’s name, Chorus, is derived from the term used to describe a group of performers who support the main actors in a play.
5. Chorus is the largest telecommunications infrastructure company in New Zealand, owning and maintaining over 28,000 km of fibre optic cable networks.
6. The company has a workforce of over 1,600 employees and contractors, with a focus on creating a diverse and inclusive work environment.
7. In 2016, Chorus was awarded the Rainbow Tick, recognizing their commitment to creating a safe and inclusive workplace for LGBTQ+ employees.
8. In 2017, Chorus won the Deloitte Top 200 Company of the Year award, recognizing their strong financial performance and company culture.
9. Chorus has been involved in community and charitable initiatives, including partnering with local schools and organizations to promote digital literacy and supporting disaster relief efforts.
10. In 2020, Chorus announced an ambitious goal to be a net-zero carbon emissions company by 2050, setting a benchmark for sustainability in the telecommunications industry.
11. The company has faced challenges in recent years, including pressure to lower prices from the New Zealand government and a decline in traditional landline services.
12. Chorus has also faced criticism for its controversial rollout of the Ultra-Fast Broadband (UFB) network, which has been plagued by delays and cost overruns.
13. Despite these challenges, Chorus has continued to invest in new technologies and services, such as its 5G mobile network and the development of a digital marketplace for telecommunications services.
14. In 2021, Chorus announced plans to expand its broadband coverage to 97% of New Zealand by 2024, further cementing its position as a leader in the telecommunications industry.
See Company Due Diligence:
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