2degrees lauds its profits ahead of IPO update

Mon, 10 May 2021

2degrees posted a record operating profit for 2020, highlighting service revenue of $545 million, up 7.4% on the previous year.This figure, along with other results including the challenger telco’s earnings before interest, tax, depreciation, and amortisation of $171m for the same period, were previously reported in March as part of parent company Trilogy International Partners’ annual results.Toronto-listed Trilogy said in March it is mulling listing 2degrees on the NZX and ASX as early as the second half of this year.Chief financi...

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