2Degrees to list (potentially)

**Mr Slothbear** · 27-03-2021, 02:10 AM

Will be very interesting to see what happens

one of the few with consistent growth in the industry. Stealing market share from vodafone especially.

https://www.stuff.co.nz/business/124...d-of-5g-launch

thoughts? I think they have very good positioning and would most likely be keen to invest depending on valuation.

**fungus pudding** · 27-03-2021, 10:58 AM

Originally Posted by Mr Slothbear

Will be very interesting to see what happens

one of the few with consistent growth in the industry. Stealing market share from vodafone especially.

https://www.stuff.co.nz/business/124...d-of-5g-launch

thoughts? I think they have very good positioning and would most likely be keen to invest depending on valuation.

Don't know much about telcos except to say I use 2 degrees for my cell phone. My experience in any dealing with them has far exceeded my experiences of ever dealing with spark or vodafone.

**Snoopy** · 28-05-2024, 10:05 AM

Originally Posted by fungus pudding

Don't know much about telcos except to say I use 2 degrees for my cell phone. My experience in any dealing with them has far exceeded my experiences of ever dealing with spark or vodafone.

'exceeded' in a positive or negative way?

I run a legacy e-mail account which over the years of takeovers has ended up under the 2 degrees e-mail umbrella. I believe my account is run out of their 'business section' which is run out of Christchurch. I always try to do business with an organisation where I can 'thump the desk' should things go pear shaped!

I was having a problem with my account when an e-mail ostensibly from 2 degrees, popped up highlighting the problem I was having. I thought great and quickly logged in to fix my problem and then - nothing. I had reached a dead end. After realising the e-mail was not from 2 degrees and that I had inadvertently given away my log in details (it was late on Friday afternoon of course), I rushed down to 2 degrees HQ with my ID to change my password. However there was a new system in place which meant you needed a plastic access pass to access the requisite floor. Fortunately there was a a reception phone number there for couriers and the like to gain access. So I rang that and ...... no answer.

Realising time was running out (it was about 4pm at this stage), I rushed back home and rang the 2 degrees help line. A very helpful young lady got me through all the reset steps until we got to the last stage which had to be verified by HQ. So the help lady rang through to reception on my behalf, waited and waited and got no answer either. At this stage I really started to panic and raced down to 2 degrees HQ again. This time it was around 5pm and some 2 degrees staff were coming out of the lifts, so I asked one of them about the 'no response' from reception.
"Oh our receptionist is away sick today, so there is no-one there to answer calls (!)"

IOW there was no way to visit that 2 degrees division nor contact them by phone either. But what is worse is that there was no way for the 2 degrees help line service which was in a different location to contact them! I thought what an absolute Muppet the business unit manager must be. I mean locking out a distressed customer or delivery people is one thing. But locking out your own help division as well? I know running a telecommunications business is all about cost cutting. But to put your business in a position where the only way to contact people is to throw a brick through the window is, IMO, Muppet madness.

I would say for the future, if 2 degrees does come to market beware. IMV it is un-investable at any price.

SNOOPY

**silverblizzard888** · 27-03-2021, 11:31 AM

Great company in their competitive approach to industry or who knows what prices would have been at just with Spark and Vodafone. Given how much they have grown my biggest worry is theres not much growth left in them without Spark or Vodafone seeding more market share. I'd want to see if they have extra products to introduce and different market segments to target.

**Zaphod** · 27-03-2021, 09:11 PM

Don't forget the MNVO's, and that the government watchdogs have made noises long ago about wanting to see their market share increase and additional MNVO's created. Will 2DM be able to ensure that the vast majority end up using their core network? I don't know.

**mikelee** · 29-03-2021, 11:02 AM

the NZX badly needs some new blue chip blood after exit of the likes of Xero

**LaserEyeKiwi** · 29-03-2021, 11:22 AM

Combining with Vocus seems like a natural fit to create a proper 3rd telecom giant. Infratil could be in the mix here as well with there cashed up position following TILT sale.

**Snoopy** · 29-03-2021, 01:30 PM

Originally Posted by LaserEyeKiwi

Combining with Vocus seems like a natural fit to create a proper 3rd telecom giant. Infratil could be in the mix here as well with there cashed up position following TILT sale.

Infratil would be very unlikely to be involved in getting 2 degrees to the market in any way IMO. They own half of Vodaphone NZ, which would suggest to me that the commerce commission would specifically block any attempt by Infratil to financially engineer one of their main competitors.

SNOOPY

**LaserEyeKiwi** · 29-03-2021, 02:12 PM

Originally Posted by Snoopy

Infratil would be very unlikely to be involved in getting 2 degrees to the market in any way IMO. They own half of Vodaphone NZ, which would suggest to me that the commerce commission would specifically block any attempt by Infratil to financially engineer one of their main competitors.

SNOOPY

good point, forgot about that.