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

The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP has honoured its leading partners in New Zealand during 2018, following 12 months of growth through the local channel. Unveiled during the fourth running of the ceremony in Auckland, the awards recognise and celebrate excellence, growth, consistency and engagement of standout Kiwi partners.

Meet the top performing HP partners in NZ
Show Comments