Ann: Chorus Q4 FY18 Connections Update, page-2

Looks all good to me. In particular:

1) Total broadband connections appear to have stabilised.
2) The growth in new fibre connections is not slowing down.
3) The growth in data demand is also very strong, making future competition from mobile and fixed wireless broadband less of a threat.

Moody’s have also recently noted that the transition to a regulated utility model could support a higher leverage profile within Chorus’s Baa2 credit rating.

Still see it as being very cheap at its current 7.3x EV/EBITDA (inclusive of full Crown funding).

IMHO & DYOR