New Zealand’s 2degrees looking for buyer

19 Jul 2016

Kiwi wireless operator Two Degrees Mobile (2degrees) is set to abandon plans for a dual share listing on the New Zealand and Australian stock exchanges and is instead expected to seek a trade buyer. A report from The Australian says a sale could go ahead in the near to medium term. TeleGeography’s GlobalComms Database notes that 2degrees is the third largest cellco in New Zealand, claiming around 24% of the overall market in subscriber terms. It is currently 58%-owned by US-based Trilogy International Partners, while Amsterdam-based Tresbit holds 27% and the Maori investment group the Hautaki Trust has a stake of around 7%.

New Zealand, Two Degrees Mobile (2degrees)