2degrees gets $165M BNZ facility to fund Huawei-built 4G network

Tue, 18 Jun 2013

By Paul McBeth June 18 (BusinessDesk) - Two Degrees Mobile, which has won about a fifth of the country’s mobile phone market, secured a $165 million banking facility with Bank of New Zealand to pay for the construction of its new 4G network by Huawei Technologies. The mobile phone operator reached an agreement with Huawei to deploy its fourth-generation technology network early next year, having worked with the Chinese company to roll out its existing early generation network, it said in a statement. The deal will see the BNZ facility repl...

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