CORRECT: 2degrees posts operating loss in 2011, sees surplus in 2012

Thu, 28 Jun 2012

By Pattrick Smellie (Corrects CEO’s name to Eric Hertz starting in first paragraph) June 28 (BusinessDesk) - New entrant national mobile operator 2degrees posted an $81.9 million operating loss in its second full year of operation, and is on course to break even on an earnings before interest and tax basis for the first time this year, says chief executive Eric Hertz. 2degrees lodged its accounts for calendar 2011 with the Companies Office this morning, showing 72 percent revenue growth to $185.4 million as the company heads for its milliont...

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