The New Zealand cellular operator Two Degrees Mobile, which trades as 2degrees, has reported a 6.7% reduction in net losses for calendar 2014 to NZD33.6 million (USD24.5 million), down from NZD35.9 million the previous year. Revenues climbed 29% to just under NZD400 million, local website Telco Review writes, mainly driven by growth in post-pay customers and handset sales. The telco says it is also seeing positive take-up in the business sector. 2degrees acquired internet service provider (ISP) Snap earlier this year and is looking to launch a multi-play package of wireless and fixed line services, which it says will enable it to compete on a more even footing with larger rivals Spark (formerly Telecom New Zealand) and Vodafone.
Separately, Spark has announced the switch-on of its 150th 4G Long Term Evolution (LTE) base station in the 700MHz band. The firm is using the band to cover mainly rural areas, while its main LTE deployment in urban areas is utilising the 1800MHz range. 106 of the 700MHz sites have been installed in the Waikato region in North Island, while the 1800MHz network is now available in some 95 markets nationwide. According to TeleGeography’s GlobalComms Database, the New Zealand mobile market is led by Vodafone, with around 38% of all subscribers at end-2014, while Spark claimed 35% and 2degrees accounted for the remaining 27%.