2degrees quarterly revenue up, 5G launch in 2022

2degrees CEO Mark Are said its 5G network will launch in 2022. (Image: supplied)

Thu, 11 Nov 2021

2degrees reported revenue for the quarter ended Sept 3 at US$127 million (NZ$179.7m), up 8% from US$117m the year prior, but said its 5G launch will be in 2022.Adjusted earnings before interest, tax, depreciation, and amortisation (ebitda) for the period was US$30.6m, 3% on a year ago. The telco, which is in talks to merge with Orcon Group, had aimed for a 5G launch in 2021, and chief executive Mark Aue said in September that some sites would be live in 2020.“Our 5G network is on track for launch in Q1 2022, with our first sites goin...

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