Quantcast

Latest 2degrees Stories

2008-10-07 15:00:32

By PULLAR-STRECKER Tom NZ COMMUNICATIONS posted a loss of $13.8 million in the year to March as it began building a mobile network to rival those operated by Telecom and Vodafone. It ended the year with net assets of $126 million, including $75.2 million cash in the bank. The company is still likely to require significant additional funding from its overseas private equity backers to complete its network. Chairman Bill Osborne says it is not appropriate for the board or management...

2008-10-07 15:00:17

Third mobile network operator NZ Communications has reached a breakthrough agreement with Vodafone that will let it install its own equipment on up to 116 Vodafone cellphone towers. The deal will make it quicker and cheaper for NZ Communications to build its network, which is expected to open to the public some time next year. Chief commercial officer Bill McCabe said the heads of agreement on co-location was a "step in the right direction" that he hoped would provide a foundation for...

2008-10-06 15:00:14

THIRD mobile network operator NZ Communications has reached a breakthrough agreement with Vodafone that will let it install its own equipment on up to 116 Vodafone cellphone towers. The deal will make it quicker and cheaper for NZ Communications to build its network, which is expected to open to the public some time next year. Chief commercial officer Bill McCabe said the heads of agreement on co-location was a "step in the right direction" that he hoped would provide a foundation for...

2008-10-04 15:00:17

By PULLAR-STRECKER Tom VODAFONE has backed down over its policy of "Sim-locking" its mobile phones after being warned off the practice by the Commerce Commission and encountering criticism from customers. Its decision to abandon the policy is a victory for consumers, who should soon be able to switch between three mobile networks without having to buy new phones. Vodafone corporate affairs head Tom Chignell said Vodafone would still sell the locked handsets it had already imported,...

2008-10-01 15:00:16

By PULLAR-STRECKER Tom VODAFONE New Zealand has continued to make hay, posting a 18 per cent jump in profits to a record $191 million in the year to March. Revenue was up 10 per cent to $1.5 billion, according to accounts just filed with the Companies Office. Vodafone agreed to pay a $742 million dividend to its British parent, after a $500 million dividend in 2006. The increase in Vodafone's pre- tax profit margins to 15 per cent comes as the Government steps up efforts to bring...

2008-09-30 15:00:44

By PULLAR-STRECKER Tom VODAFONE New Zealand has continued to make hay, posting a 18 per cent jump in profits to a record $191 million in the year to March. Revenue was up 10 per cent to $1.5 billion, according to accounts just filed with the Companies Office. Vodafone agreed to pay a $742 million dividend to its British parent, after a $500 million dividend in 2006. The increase in Vodafone's pre-tax profit margins to 15 per cent comes as the Government steps up efforts to bring...

2008-08-13 15:00:15

By PULLAR-STRECKER Tom COMMUNICATIONS Minister David Cunliffe has intervened to try to clear a bottleneck that is holding up the launch of a third mobile phone network. The Commerce Commission issued a draft determination last month setting out the terms on which NZ Communications would be allowed to install its equipment on cellphone towers owned by Vodafone and Telecom, and has asked for submissions. But the telcos have been left to agree a price and negotiations appear to have...

2008-07-12 15:00:20

By PULLAR-STRECKER Tom VODAFONE corporate affairs manager Tom Chignell has upped the ante in a spat with the Commerce Commission over the price of mobile calls, and has questioned whether the commission is considering investigating mobile-to- mobile termination charges because it is "looking for work to do". Vodafone said in January that consumers were paying less for mobile phone calls in New Zealand than in most OECD countries. The claim was met with scepticism from...


Word of the Day
call-note
  • The call or cry of a bird or other animal to its mate or its young.
'Call-note' is newer than 'bird-call,' which originally referred to 'an instrument for imitating the note of birds' but now also refers to 'the song or cry of a bird.'
Related