Tuesday 7th August 2012
|Text too small?|
Two Degrees Mobile, the newest entrant in the mobile phone market, has continued to grab sales from bigger rivals Telecom and Vodafone New Zealand, boosting its market share to one million customers.
In three years the Auckland-based company has taken over 21 percent of New Zealand's mobile market, with a third of the company's customers bringing their 021 or 027 numbers to the network. 2degrees now serves the business market and is one of the approved government providers.
"More than a million New Zealanders have made it clear they wanted choice and competition in the market," Eric Hertz, chief executive at 2degrees, said in a statement. "Competition is bringing down prices and increasing the range of devices available."
2degrees has more "simple innovation" up its sleeve, Hertz said, "it's just about getting people to feel more comfortable about using their mobile."
Vodafone had 2.4 million customers as at Dec. 31, down from 2.434 million at the end of October, according to its London Stock Exchange-listed parent's quarterly statement, while rival Telecom had about two million customers.
No comments yet
MARKET CLOSE: NZ shares edge lower; power companies under pressure
NZ dollar rises as bets on another OCR cut fade
Broad-based manufacturing pick-up offers silver lining
Global economic outlook not as dark as in August: RBNZ
NZ dollar slips on slew of weak global data, lack of US-China progress
MARKET CLOSE: NZ shares recover as investors re-think RBNZ review
NZ dollar falls on weak Aussie jobs numbers, poor China data
Govt media plan won't weaken commercial players - TVNZ
Goodman trust's 1H net profit quadruples on unrealised property gains
Regional house price inflation accelerates in October