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 New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags 2degreesTPG Telecom

Featured

Slideshows

Tight lines as Hooked on Lenovo catches up at Great Barrier Island

Tight lines as Hooked on Lenovo catches up at Great Barrier Island

​Ingram Micro’s Hooked on Lenovo incentive programme recently rewarded 28 of New Zealand's top performing resellers with a full-on fishing trip at Great Barrier Island for the third year​ in a row.

Tight lines as Hooked on Lenovo catches up at Great Barrier Island
Inside the AWS Summit in Sydney

Inside the AWS Summit in Sydney

As the dust settles on the 2017 AWS Summit in Sydney, ARN looks back an action packed two-day event, covering global keynote presentations, 80 breakout sessions on the latest technology solutions, and channel focused tracks involving local cloud stories and insights.

Inside the AWS Summit in Sydney
Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day

Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day

Ingram Micro hosted its third annual Cure Kids Charity Golf Tournament at the North Shore Golf Club in Auckland. In total, 131 resellers, vendors and Ingram Micro suppliers enjoyed a round of golf consisting of challenges on each of the 18 sponsored holes, with Team Philips taking out the top honours.

Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day
Show Comments