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2degrees

Full-service mobile carrier and internet provider

Overview

2degrees is a full-service telecommunications provider in New Zealand. It operates its own mobile network, covering 98.5% of places where Kiwis live and work, and it offers internet services as well after acquiring Snap in 2015. The company’s product suite includes mobile plans and home internet, delivered through its proprietary network and services. Unlike many competitors, 2degrees highlights its Maori origins and ownership (with Hautaki), a history of challenging barriers to obtain 3G spectrum, and a focus on affordable pricing and strong customer service, evidenced by multiple awards. The company’s goal is to make mobile and internet access more affordable and available to all New Zealanders while delivering reliable service through its own nationwide network.

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About 2degrees

Simplify's Rating
Why 2degrees is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsConsumer Software

Company Size

1,001-5,000

Company Stage

Acquired

Total Funding

$165M

Headquarters

Auckland, New Zealand

Founded

2001

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What believers are saying

  • FY26 revenue rose 5.5% to $1.46 billion, with EBITDA up 6.5%.
  • 2degrees returned to $27.4 million pre-tax profit on 23 September 2026.
  • Default malware blocking and AI adoption improve retention, trust, and operating leverage.

What critics are saying

  • Commerce Commission can block RANCo by 23 November 2026, freezing capital plans.
  • RANCo approval weakens network differentiation and hands rivals a shared infrastructure model.
  • Spark and One NZ keep crushing margins; prolonged price competition can destroy telecom returns.

What makes 2degrees unique

  • 2degrees owns network, wholesale, energy, and satellite capabilities in New Zealand.
  • Its August 2026 Marton AST SpaceMobile station enables direct-to-mobile coverage gaps.
  • FY26 enterprise wins and AI-driven product development deepen its challenger positioning.

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Funding

Total Funding

$165M

Above

Industry Average

Funded Over

2 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Wellness Program
  • Mental Health Support
  • Phone/Internet Stipend
  • Training Programs
  • Flexible Work Hours
  • Employee Discounts

Growth & Insights and Company News

6 month growth

0%

1 year growth

0%

2 year growth

0%
SCG Media
Oct 22nd, 2026
Winners announced at the 2026 Effie Awards Aotearoa.

Winners announced at the 2026 Effie Awards Aotearoa. The winners of the 2026 Effie Awards Aotearoa in association with TVNZ were announced on October 22, as the Comms Council celebrated 25 years of recognising effective advertising and marketing communications in New Zealand. Held at the New Zealand International Convention Centre in Auckland, the awards brought together agencies, marketers and industry representatives to celebrate the year's most effective campaigns and the results they delivered. This year's awards recognised achievements across a broad range of industries and marketing challenges, with 57 gold, silver and bronze awards presented, comprising eight gold, 27 silver and 22 bronze awards. Standout achievements. The evening's highest honour, the Grand Effie, was awarded to AA Insurance and McCann New Zealand for eight years of living a little freer. The campaign also received gold in the Sustained Success category. The Hardest Challenge award was presented to 2degrees and TBWA\New Zealand for The blind network test: How 2degrees turned industry parity into a market advantage. The campaign also received silver in the Telcos & Utilities category. Most Effective Agency of the Year was awarded to McCann New Zealand, while Most Effective Advertiser of the Year was awarded to Goodman Fielder. The eight highly coveted gold awards were: * Retail: Door Dash and Federation * Retail: New World and McCann * International Marketing: Tourism NZ and TBWA\ * Most Original Thinking: Goodman Fielder and McCann * Clever Use of Research/Data: Goodman Fielder and McCann * Insights & Strategic Thinking: NZTA and McCann * DEI, Community Engagement: Whānau Ora and Motion Sickness * Sustained Success: AA Insurance and McCann Full winners list. Embody best practices in effectiveness. Murray Streets, convenor of judges for the 2026 Effie Awards Aotearoa, says: "This year's winners embody best practices in effectiveness from which the marketing industry and businesses can continue to learn." The 2026 Effie Awards Aotearoa were presented by the Comms Council in association with TVNZ, with the support of sponsors Meta, NZME, TVNZ, Stuff, TRB and Nielsen.

Reseller News
Sep 23rd, 2026
2degrees returns to pre-tax profit despite challenging market.

2degrees returns to pre-tax profit despite challenging market. 23 Sep 2026 4 mins Revenue increased by 5.5% to $1.46 billion, and trading EBITDA is up 6.5% to $421.1 million. 2degrees has seen its fourth consecutive year of revenue growth and has returned to pre-tax profit as its integration with Vocus winds up - despite facing challenging market conditions. In its financial results for the year ended 30 June 2026 announced today, 2degrees reported a 5.5 per cent increase in revenue to $1.46 billion, while trading EBITDA [earnings before interest, taxes, depreciation, and amortisation] rose 6.5 per cent to $421.1 million. This reflected growth across 2degrees' consumer, business and wholesale units, and marks the fourth consecutive year of revenue growth since its merger with Vocus in 2022. The result follows the successful completion of a multi-year integration programme, 2degrees said. Profit before tax was $27.4 million, which 2degrees described as a $50 million turnaround as one-off integration and non-cash impacts of recent years continued to unwind. According to 2degrees CEO Mark Callander, the FY26 result marked an important transition from integration to a new phase of growth, innovation and value creation. "Four years ago, we brought together two outstanding businesses with a clear ambition to build a stronger platform for growth. Since then, we have successfully completed that integration, delivered record trading EBITDA and returned the business to pre-tax profitability, while continuing to deliver for our customers," he stated. "Achieving this while navigating a challenging economic environment reflects the strength of our business, the resilience of our strategy and the dedication of our people." The results also reflected continued growth across mobile, broadband and energy, alongside further progress in its business segment, where 2degrees secured several major enterprise and public-sector customer wins during the year. The business segment remained a key growth area, with customer wins demonstrating the company's ability to compete for and support large, complex organisations across New Zealand, Callander said. "We are consistently winning business and building momentum with enterprise and government customers. This is a significant growth opportunity for 2degrees, and one where we are already delivering results," he added. "Organisations are looking for a partner that makes technology easier to navigate and more valuable to their business. They are choosing 2degrees because we bring together connectivity, technology, infrastructure and service, backed by our people who take the time to understand their needs and work alongside them." During the year, 2degrees expanded its as-a-service portfolio and increased the use of AI across its in-house development team, helping accelerate product development and bring new capabilities to market faster. Owning key elements of its technology stack gave 2degrees greater control over how it developed services and responded to customer needs, Callander said. "Our technology capabilities give us more scope to move quickly, simplify how we work and improve the customer experience. AI is becoming an increasingly important part of how we do that, helping our teams turn ideas into practical improvements faster." Meanwhile, 2degrees progressed its partnership with AST SpaceMobile and recently opened a ground station in Marton which it says lays the foundations for direct-to-mobile satellite connectivity across New Zealand. The company also announced a proposal with rival One NZ in August to combine their respective radio access networks (RAN) into a joint venture. However, the proposal needs approval from the Commerce Commission, as well as the Overseas Investment Office since 2degrees' majority shareholders are Australia's Macquarie Asset Management and Aware Super. In a statement, 2degrees chair Liz Coutts said the results reflected the strength of the company's fundamentals and its progress against its three-year 2d28 strategy, which is focused on growth, innovation, value creation and customer experience. "2degrees has continued to grow through a challenging economic cycle while successfully completing a complex integration programme and strengthening the foundations of the business for the future," she added. "These results demonstrate the progress we have made over recent years and provide a strong foundation for the next phase of our strategy." Looking ahead, Callander said 2degrees entered FY27 with a clear focus on execution and growth. "We have a strong network, modern platforms and a clear strategy for sustainable growth. Our focus is on winning customers, growing our business portfolio and using technology to deliver better service and value," he added. "We have built a strong platform for growth. Now we are focused on realising its full potential while continuing to challenge the market and fight for fair for New Zealanders." Don't miss a thing Join the Reseller News mailing list for daily news on the IT channel, covering business, technology, products, and services. by Louis van Wyk Senior Reporter Louis van Wyk is a freelance journalist based in the Central North Island, and a former staff reporter and editor at Reseller News New Zealand. He started his career as a local government and crime reporter in South Africa.

TechDay
Sep 22nd, 2026
2degrees returns to profit with $27.4M after four-year Vocus merger integration

2degrees has returned to pre-tax profit following its 2022 merger with Vocus. The New Zealand telecommunications company reported revenue of $1.46 billion, up 5.5%, and trading EBITDA of $421.1 million, up 6.5%. Pre-tax profit reached $27.4 million, a $50 million turnaround from the previous year. The results mark the completion of a multi-year integration programme. Growth came across consumer, business and wholesale operations. Chief Executive Officer Mark Callander said the company has successfully completed integration whilst delivering record trading EBITDA. 2degrees also expanded its business division, winning several large enterprise and public-sector contracts. The company broadened its as-a-service portfolio and increased use of artificial intelligence in product development.

SCG Media
Sep 2nd, 2026
2026 YouTube NZ Marketing Awards celebrate every angle.

2026 YouTube NZ Marketing Awards celebrate every angle. The 2026 YouTube NZ Marketing Awards winners nailed this year's theme: 'Celebrating marketing from every angle.' Now in their 35th year, the Awards were held at Auckland's Spark Arena on September 2. The evening brings together the industry's best and brightest to honour outstanding work and the talented people behind it. The black tie affair is hosted by NZ Marketing magazine and the NZ Marketing Association, and once again lived up to its reputation as the premier awards programme in Aotearoa's marketing calendar with a spectacular show. After the formalities, celebrations continued with an after party sponsored by YouTube. Christchurch-based Shapeshifter (DJ set) had the sold-out audience dancing hard to their award-winning sound. Work grounded in local truths. While most of the trophies were taken home by homegrown companies, international brand Samsung New Zealand were honoured with the Supreme Marketing Excellence Award. They had already won Excellence in Long-Term Marketing Strategy for developing a blueprint that spoke to Gen Z here instead of following their parent brand's worldwide playbook. (Samsung Global has since adopted this approach.) Meanwhile international judge Jim Lecinski, Clinical Professor of Marketing at Northwestern University's Kellogg School of Management, chose Trade Me Property as Brand of the Year. A mixture of commercial results alongside dual appeal to Kiwi buyers and sellers as well as estate agents clinched the title. "I am completely blown away by how they managed to fire on every single cylinder simultaneously during a brutal macroeconomic winter for the property sector. "I love that they grounded their consumer strategy in the pure human empathy of 'home is how we live', bringing back the beloved Kev the Kiwi to win over Kiwi hearts," says Lecinski. It was a good night for Trade Me, which also scooped Excellence Awards in two categories: Customer & Data-Led Growth as well as MarTech Strategy. Westpac's 'House of Credit Card Fears' took out the Best Overall Marketing Campaign Award, as well as two other awards: Best B2C Marketing Campaign and Best Content Marketing Campaign. Standout marketing. Wendy Rayner, managing director NZ of Coca-Cola Europacific Partners NZ, was the 2026 inductee into the Marketing Hall of Fame. The honour recognises her impressive career as a marketer at TVNZ, Lotto and her contribution to the industry. Sean Wiggans, who needs little introduction other than he brought us Tina from Turners, was named Marketer of the Year 2026. And Emi Cross - just starting her career at Maverick Tourism Marketing - was a standout for judges, who chose her as Marketer of the Future 2026. Team of the Year 2026 went to Animates. In the face of strong competition, they put their two and four-legged customers at the heart of all their activities, reshaping the direction of the company and driving strong business results. And special mention to Greyhounds as Pets for 'Greathounds' - an urgent campaign to help rehome dogs ahead of the greyhound racing ban. 'Greathounds' sent dogs and designer clothes down the runway during NZ Fashion Week 2025 and picked up Not-for-profit awards in both the Marketing Campaign and Marketing Excellence sections as well as the Best Social Purpose-Driven Marketing Campaign Award. Three other Kiwi organisations also went home with more than one trophy. AMI and 2degrees won two Excellence Awards apiece while Auckland Transport were celebrating winning two Campaign Awards. Congratulations to all winners and finalists. "It's 35 years since these awards were set up as a way to champion the thought process behind successful marketing. Tonight we've seen so many ways how strategic thinking can translate into marketing that drives commercial results - and how innovation from Aotearoa can influence global giants. Huge congratulations to all the winners" says NZ Marketing editor Penny Murray. "The 2026 YouTube NZ Marketing Awards once again showed that New Zealand marketers are among the best in the world. From Sean Wiggans, Animates to Trade Me Property, and across every category on the night, the winners demonstrated the depth, breadth and quality of marketing talent in this country. It was fantastic to see so many different brands, agencies and individuals recognised for the calibre of their work. Congratulations to all our finalists and winners," says John Miles, CEO of the NZ Marketing Association. The 2026 YouTube NZ Marketing Awards are proudly brought to you by naming sponsor YouTube, along with gold sponsors MediaWorks and oOh!media. Our silver sponsor is NZME, and category sponsors this year are Agency Directory, Dish magazine, SCG, Sky, StopPress, TRA and Vistar Media. Producing the awards alongside NZ Marketing is long-time partner and industry body the NZ Marketing Association.

Geekzone
Aug 27th, 2026
One NZ and 2degrees propose new mobile network infrastructure sharing platform.

One NZ and 2degrees propose new mobile network infrastructure sharing platform. Posted on 27-Aug-2026 12:34 | Filed under: News: Mobile One New Zealand today announced its proposed plans to establish a network infrastructure sharing arrangement with 2degrees, to combine each company's RAN infrastructure in a new, jointly owned business. This proposal would deliver better and more efficient deployment of mobile network assets, including faster rollout of new technologies and improved resiliency, while enabling One NZ to focus investment on the parts of its network and services that create the most value for customers and support long-term growth. RAN technology includes the active equipment on mobile sites, such as the electronics and antennas. One NZ and 2degrees currently have a commercial RAN sharing arrangement for a smaller number of sites around the country. Other examples of mobile network infrastructure sharing arrangements include the Rural Connectivity Group (RCG), and mobile tower companies Fortysouth and Connexa. Under the proposal, One NZ and 2degrees would contribute their respective RAN assets into a jointly-owned commercial entity. The new entity would own, manage and operate the shared RAN infrastructure, providing network services back to each company via separate wholesale agreements. The model is designed to make more efficient use of existing infrastructure, reduce unnecessary duplication and create a stronger platform for future investment in New Zealand's digital connectivity. If approved, One NZ and 2degrees would continue to operate as fully independent retail and wholesale businesses and continue to compete strongly for both consumer and business customers. One NZ would retain ownership and control of its spectrum management rights, core networks, fibre backhaul assets and satellite innovations - preserving the strategic assets and capabilities that underpin differentiated services, customer experience, innovation and competition. Incoming One NZ CEO, Nick Judd, says RAN network sharing is already common in overseas markets and enables more efficient investment in mobile infrastructure. "This proposal would deliver real benefits for customers by enabling Geekzone to deliver better connectivity. This includes faster access to new technologies such as 6G and improving overall network resilience. "It also gives Geekzone a more efficient platform for long-term network investment, allowing capital to be directed to the areas where One NZ can deliver the greatest differentiation and value for customers, including product innovation, customer experience, core network capability and new connectivity services. "It supports its sustainability goals by reducing duplication of equipment and lowering overall energy use over time. "We would continue to operate independently in the New Zealand market, competing strongly with 2degrees and other players on the elements that matter most for consumers, including value, products and innovation." This proposal is subject to approvals, including from the NZ Commerce Commission and Overseas Investment Office, as well as some reorganisation steps. Subject to these, the transaction is aiming for completion in the first half of 2027.

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