2degrees ASX float in the offing

Tue, 03 May 2016

By Pattrick Smellie May 3 (BusinessDesk) - Australian media reports suggesting New Zealand's third-placed mobile operator, Two Degrees, will seek to raise between $100 million and $150 million in a float on the ASX in the next few months have the implicit support of the company. While no decisions have been made, a 2degrees spokesman said in response to questions about the report in The Australian newspaper that "the background for us is it's a growth business and our board is always looking at ways to accelerate the business with new cap...

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