Menu
​Is 2degrees on the verge of a $900 million Aussie acquisition?

​Is 2degrees on the verge of a $900 million Aussie acquisition?

Is Australian ISP about to buy New Zealand’s third-largest mobile phone operator?

Australian Internet Service Provider (ISP), TPG Telecom, is rumoured to be in the final stages of acquiring 2degrees, in a deal valued as high as $900 million.

That’s according to a whirlwind of rumours regarding the future of New Zealand’s third-largest mobile phone operator, with a multi-million dollar deal believed to be imminent.

Reports from The Australian and the Australian Financial Review claim talks are ongoing between both parties, intensifying speculation on both sides of the Tasman.

Yet despite the reports, TPG was quick to play down the news, issuing a statement on the Australia Securities Exchange that read; ”Regarding today's media articles published in The Australian and the AFR, TPG advises that it is not currently in discussions with 2degrees or its representatives.”

Acquisition speculation comes just days after 2degrees itself hit back at consolidation in the local market, through officially opposing the potential merger of Vodafone New Zealand and Sky TV.

“The merged entity will have both the incentive and the ability to leverage its substantial market power in content markets to lock up premium content for exclusive delivery over its own platforms, foreclosing competition in the residential fixed-line and retail mobile markets," 2degrees said last week.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags TPG Telecom2degrees

Featured

Slideshows

Reseller News Innovation Awards 2019: meet the winners

Reseller News Innovation Awards 2019: meet the winners

Reseller News honoured the standout players of the New Zealand channel in front of more than 480 technology leaders in Auckland on 23 October, recognising the achievements of top partners, emerging entrants and innovative start-ups.

Reseller News Innovation Awards 2019: meet the winners
Malwarebytes shoots the breeze with channel, prospects

Malwarebytes shoots the breeze with channel, prospects

A Kumeu, Auckland, winery was the venue for a Malwarebytes event for partner and prospect MSPs - with some straight shooting on the side. The half-day getaway, which featured an archery competition, lunch and wine-tasting aimed at bringing Malwarebytes' local New Zealand and top and prospective MSP partners together to celebrate recent local successes, and discuss the current state of malware in New Zealand. This was also a unique opportunity for local MSPs to learn about how they can get the most out of Malwarebytes' MSP program and offering, as more Kiwi businesses are targeted by malware.

Malwarebytes shoots the breeze with channel, prospects
Show Comments