2degrees makes hay in gloomy market

2degrees makes hay in gloomy market
CEO Mark Callander said 2degrees was a natural fit when businesses were “looking under the hood” for cost savings. (Image: 2degrees)
Ben Moore
2degrees remains in growth mode, reporting a small net loss as revenue and connections grew.The telco posted a net loss of $3.1 million for the financial year to 30 June 2024, an improvement of $34.9m over the year prior, when adjusted for the one-off income from the sale of mobile towers.Overall revenue was up 7% to $1.34 billion, with an adjusted 16% increase in earnings before interest, taxes, depreciation and amortisation (Ebitda) to reach $339m.Cash flow from operating activities was up 53.6%, rising $59m to reach $169m.“Against...

More Technology

Steven Joyce to chair NZME
Markets

Steven Joyce to chair NZME

Tech expert Bowen Pan will also join, later on. 

Staff reporters 09 May 2025
NZ's space sector revenue grows over 50% in five years
Policy

NZ's space sector revenue grows over 50% in five years

Advanced aviation is also a growing sector, according to a new industry survey.

Greg Hurrell 09 May 2025
Rocket Lab expanding its US defence efforts
News in Brief

Rocket Lab expanding its US defence efforts

Space company Rocket Lab is expanding its United States defence efforts, setting up a new holding company to reduce national security risks.The company that developed and launched rockets in New Zealand and the United States, and spacecraft and space systems, made US$123 million...

Staff reporters 09 May 2025
The NZ company 'democratising hearing health'
Health On The Up

The NZ company 'democratising hearing health'

Can hearing aids be made both affordable and desirable?

Pattrick Smellie 09 May 2025