2degrees narrows loss in FY marked by high investments

Wednesday 1 June 2016 | 11:02 CET | News
New Zealand mobile operator 2degrees, which is hoping to raise NZD 100-150 million in an IPO, said revenues for 2015 reached NZD 569.1 million while EBITDA went 43.9 percent higher to USD 78.5 million. On the back of investments, the company's mobile network reached 95 percent of populations coverage. 2degrees said the strong financial performance came about in the year when it became a full service telecommunications provider and acquired Snap. CEO Stewart Sherriff called 2015 a year of expansion with network build, the launch of 2degrees residential broadband services and increasing

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Categories: Mobile & Wireless
Companies: Snap
Countries: New Zealand
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