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flag Chorus pauses 95% fibre goal due to lack of government funding, despite profit and progress.

flag Chorus, New Zealand’s main fibre provider, has paused its goal to extend fibre to 95% of households, citing unmet government funding as a key barrier. flag Despite a $15 million half-year profit and strong cost controls, the company says expanding to rural areas remains unfeasible without public support. flag It continues to grow its network, reaching 1.13 million connections and 72.4% serviceable address coverage, with a target of 80% by 2030. flag The company reaffirmed its full-year earnings outlook and is exploring alternative strategies, including public-private partnerships and an affordability program, while abandoning its $3.4 billion Tasman Ring cable project.

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