2degrees shareholders get $40m dividend payout

2degrees CEO Mark Aue.

Thu, 13 May 2021

2degrees has paid $40 million in dividends to its shareholders after a positive period of profit and cashflow.It is the first time in the telco’s 10-year existence it has paid a dividend.According to 2degrees’ financials for the year ended Dec 31, 2020, it paid $29.2m to its parent company, Toronto-listed Trilogy International Partners. It also paid $10.7m to Dutch shareholder Tesbrit BV.Total comprehensive income for the year was $29.3m. Trilogy owns a 73.1% stake in 2degrees with Tesbrit owning 26.69%. 2degrees chie...

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