Telecommunications companies 2degrees and Vocus NZ announced they have merged on Wednesday to become New Zealand’s third-largest telco. (Source: istock.com)Vocus NZ owns the Slingshot, Orcon and Stuff Fibre brands. According to a media release from 2degrees, the two organisations will boast combined assets of $1.2 billion in revenue; 1800 employees; 1.5 million mobile customers; 355,000 broadband customers; 45,000 energy customers; and 1600 enterprise and Government customers. ADVERTISEMENTHe says Kiwis will benefit as 2degrees looks to “further challenge and disrupt” the telco market with the rollout of its 5G network across the country’s main centres and the expansion of its fixed wireless product. “We are excited about the path ahead of us and look forward to working together as a team to deliver great things for our customers.”

Source: Stuff June 01, 2022 03:43 UTC