2degrees earnings rise 6%; handset sales underpin revenue gains

Thu, 28 Mar 2019

By Paul McBeth March 29 (BusinessDesk) - Two Degrees Mobile lifted annual earnings 6 percent in 2018 as the country's challenger mobile network sold more handsets, beating expectations on a common-currency basis. The New Zealand arm of Trilogy International Partners reported adjusted earnings before interest, tax, depreciation and amortisation of US$90.4 million in calendar 2018, up from $US$85.3 million a year earlier. In New Zealand dollar terms, the increase was 9 percent, eclipsing the 5-7 percent increase it had expected. Sales...

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