2degrees shareholders get $40m dividend payout

2degrees shareholders get $40m dividend payout
2degrees CEO Mark Aue.
Henry Burrell
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...

More Markets

Spark says new directors in running for chair
Markets

Spark says new directors in running for chair

Spark is refreshing its board and has put chair Justine Smyth's succession in motion.

Coal fight: Talley's vs Bathurst Resources
Markets Part One

Coal fight: Talley's vs Bathurst Resources

Why is food group Talley's trying to sue coal miner Bathurst Resources?

Global markets rise as EU/US trade deal agreed
Markets

Global markets rise as EU/US trade deal agreed

One trade deal settled, China still to come.

AFP 28 Jul 2025
King Honey calls in the receivers
Markets

King Honey calls in the receivers

Parent company Me Today failed to find a buyer for the mānuka honey business.

Greg Hurrell 28 Jul 2025