Strong first quarter for 2degrees, more IPO detail ekes out
12 May, 2021 05:33 AM
2 minutes to read
Soon to head a public company? 2degrees chief executive Mark Aue. Photo / Supplied
2degrees owner has confirmed plans to potentially list the Kiwi telco by year s end, and added the extra detail that it would be a dual ASX/NZX listing. We have made progress with respect to a potential IPO of our New Zealand business and have begun preparations to list on the New Zealand Stock Exchange and Australian Securities Exchange by the end of the year, Trilogy International Partners said in a statement today.
Jarden Brief: Volvo eyes IPO
12 May, 2021 08:33 PM
7 minutes to read
The car company is tipped for a valuation in excess of US$20 billion. Photo / Getty Images
The car company is tipped for a valuation in excess of US$20 billion. Photo / Getty Images
NZ Herald
Coming Up Today: The US will release Producer Price Index numbers and Initial Jobless Claims numbers. New Zealand incubated Fintech company, Xero, will release its full year earnings. Closer to home, Goodman Property and Tilt Renewables will also release their full year earnings.
New Zealand:
New Zealand equities traded lower at yesterday s close with the S&P/NZX 50 finishing the day down 0.6 per cent to 12,564.21 points.
Trilogy International Partners Inc. Reports First Quarter 2021 Results
Expansion of New Zealand postpaid mobile base driven by B2B; B2B mobile customers
increased by 20% compared to the first quarter of 2020.
New Zealand Segment Adjusted EBITDA increased $4.2 million, or 15%, over the first quarter of last year on an organic basis, which excludes the impact of the new revenue standard, a year-over-year headwind of 2%, and a foreign currency exchange benefit of 13%. New Zealand Segment Adjusted EBITDA, as reported, increased by $6.8 million, or 26%, over the first quarter of last year.
Bolivian customer acquisition and revenues continue to be under pressure; however, effective cost management resulted in sequential growth of Segment Adjusted EBITDA.
2degrees in profit for fifth year straight, names D-Day
10 May, 2021 05:22 AM
6 minutes to read
Comedian Rhys Darby - who fronted the telco s giant logo campaign when it launched in 2009 - has been back this year for its landline broadband push. Photo / File
Comedian Rhys Darby - who fronted the telco s giant logo campaign when it launched in 2009 - has been back this year for its landline broadband push. Photo / File
2degrees has reported its fifth-straight year of operating profit, on the back of business market gains, as it gears up for a possible IPO. NZX executives waiting nervously for news on the local listing could
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2degrees flags record result after year of ‘bold, difficult decisions
Comes after job cuts last year.
Mark Aue (2degrees) Credit: Supplied
Last year was a period filled with “bold, difficult decisions” for telco 2degrees as it weathered the pandemic, but the company ended the year on a high note, according to its latest financials.
, 2degrees continued to grow strongly in 2020 despite COVID-19. The company delivered service revenue of $545 million, representing a year-on-year increase of 7.4 per cent, and underlying earnings from operations totalling $180 million, up by 6.5 per cent, during the year ending 31 December 2020.