2degrees quarterly revenue up, 5G launch in 2022

2degrees quarterly revenue up, 5G launch in 2022
2degrees CEO Mark Are said its 5G network will launch in 2022. (Image: supplied)
Henry Burrell
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...

More Technology

Datacom achieves profit increase
News in Brief

Datacom achieves profit increase

The firm finished the financial year with 5375 staff - 12% down on last year.

Cleantech: Burst bubble or our biggest opportunity?
Opinion

Peter Griffin: Cleantech: Burst bubble or our biggest opportunity?

A thriving cleantech sector could be NZ’s ticket to a sustainable, high-value economy.

ACC-backed Basis launches world first smart panel
Technology

ACC-backed Basis launches world first smart panel

Forget fomo, this smart device combats folo. 

Greg Hurrell 01 Jul 2025
Xero’s Melio ‘leap of faith’
Markets Analysis

Xero’s Melio ‘leap of faith’

The NZ-founded company’s giant-killer dreams in the US hinge on this huge bet. 

Pattrick Smellie 01 Jul 2025