New Zealand’s telecom provider 2degrees and internet provider Orcon have revealed plans to merge in a NZ $1.7 billion deal, positioning them as the country’s third-largest integrated telecommunications company. The combined company would offer mobile, broadband and energy services and would serve more than 1.5 million mobile customers and 345,000 fixed line customers across 1,800 mobile cell sites and 4,600 km of fiber.
“This is an incredibly exciting day,” commented Orcon’s CEO Mark Callander. “This transaction marks a step change in the New Zealand telecommunications landscape and will establish a stronger player in market, and this will lead to more competition and benefits to end users.”
