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 2018: meet the top performing partners

Reseller News Innovation Awards 2018: meet the top performing partners

Reseller News honoured the industry’s finest on a standout evening for the New Zealand channel, recognising the achievements of established partners, emerging players and innovative start-ups, in front of over 460 technology leaders in Auckland.

Reseller News Innovation Awards 2018: meet the top performing partners
Champagne Reception kicks off Reseller News Innovation Awards 2018

Champagne Reception kicks off Reseller News Innovation Awards 2018

More than 460 channel leaders came together to toast the top performers of the New Zealand industry, during the opening Champagne Reception at the Reseller News Innovation Awards 2018 - in association with Techbuyer.

Champagne Reception kicks off Reseller News Innovation Awards 2018
Chasing innovation: how Kiwi partners can create a new customer agenda

Chasing innovation: how Kiwi partners can create a new customer agenda

This exclusive Reseller News Roundtable - in association with Rhipe and Microsoft - detailed a blueprint for customer success, outlining the new role of the modern-day partner and wider network in New Zealand.

Chasing innovation: how Kiwi partners can create a new customer agenda
Show Comments