Feeds

Kiwi telco Two Degrees to roll out 4G in 2014

BNZ backs Huawei kit buy

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

Junior New Zealand telco Two Degrees Mobile is getting ready to roll out 4G, with deployment to start in 2014.

The decision to launch into the 4G market follows confirmation of a funding facility from the Bank of New Zealand, worth $NA165 million. Chinese vendor Huawei, which built its current 3G network.

The BNZ funding will also allow Two Degrees to clear $NZ31.2 million of vendor finance from Huawei.

Two Degrees holds around 21 percent of the New Zealand mobile market, and is lagging its larger rivals. Vodafone kicked off its first 4G services in May 2013, and Telecom New Zealand is due to start its deployment in October (also using Huawei kit).

The arrangement with BNZ also also seen as a vote of confidence in the company's new management, since the death of CEO Eric Hertz, along with his wife, in a light plane crash in March 2013. Chairman Stewart Sherriff is currently acting CEO.

“Having been cash-flow positive for almost a year, 2degrees is able to fund its own operations without shareholder funding,” Sherriff said in a statement. “Bank finance will accelerate the business.”

The carrier was founded in the late 1990s when a group of Maori successfully asserted their rights over mobile spectrum under New Zealand's Treaty of Waitangi. ®

The Essential Guide to IT Transformation

More from The Register

next story
Scotland's BIG question: Will independence cost me my broadband?
They can take our lives, but they'll never take our SPECTRUM
Bring back error correction, say Danish 'net boffins
We don't need no steenkin' TCP/IP retransmission and the congestion it causes
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
NBN Co adds apartments to FTTP rollout
Commercial trial locations to go live in September
Samsung Z Tizen OS mobe is post-phoned – this time for good?
Russian launch for Sammy's non-droid knocked back
Telstra to KILL 2G network by end of 2016
GSM now stands for Grave-Seeking-Mobile network
Seeking LTE expert to insert small cells into BT customers' places
Is this the first step to a FON-a-like 4G network?
What FTC lawsuit? T-Mobile US touts 10GB, $100 family-of-4 plan
Folks 'could use that money for more important things' says CEO Legere
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.