Technology

2degrees quarterly revenue up, 5G launch in 2022

Henry Burrell
Thu, 11 Nov 2021

2degrees quarterly revenue up, 5G launch in 2022

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

Henry Burrell
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...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News vie email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Listed Companies market close

NZ shares fall on first day of NZ's omicron outbreak

Ella Somers | Mon, 24 Jan 2022

Eroad led the NZX50 lower after delivering a mixed quarterly sales update.

Media

Discovery wins Tova bout, ERA orders her to pay damages

Daniel Dunkley | Mon, 24 Jan 2022

The ERA has upheld Discovery's restraint of trade clause in the Tova O' Brien legal battle ensuring that she can't start at Today FM until March.

Markets

NZ shares slow down as traffic light turns red

Ella Somers | Mon, 24 Jan 2022

Aviation and tourism stocks are among those bearing the brunt of Sunday night's red light.

2degrees quarterly revenue up, 5G launch in 2022

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team