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ajw



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Topic # 107092 7-Aug-2012 10:08 Send private message


2degrees tipped to announce millionth customer, new investor.

http://www.nbr.co.nz/article/vodafone-41000-loses-more-mobile-customers-ck-119324

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  Reply # 668808 7-Aug-2012 11:31 Send private message

Just received:


2degrees makes it 1,000,000 in three years

New Zealand’s newest mobile provider has continued its rapid growth, winning the support of more than a million Kiwi consumers and businesses after just three years in the market.

2degrees Chief Executive Eric Hertz says the company now has more than 1,000,000 customers, a third of which have brought their 021 or 027 number to the network. In total, that’s 21% of the mobile device market.

“More than a million New Zealanders have made it clear they wanted choice and competition in the market. Kiwis have become increasingly attached to their mobile phone and are savvy when it comes to value, service and easy to understand products,” says Mr Hertz.

“Seeing three players compete to win – and keep – customers is a fantastic outcome for all mobile users. Competition is bringing down prices and increasing the range of devices available. ”

2degrees launched nationwide 2G services to the prepay market in August 2009, acquiring 206,000 customers within six months. By March 2011, with a 3G network and post-pay service in place it had grown to over 580,000.

Passing the one million customer mark, the company now serves the business market, is one of the approved providers to government, operates with 35 stores across New Zealand and has more than 700 staff.

Mr Hertz says the pace of 2degrees growth is rapid, a little faster than expected - and there’s more to come.

“We started by halving the price of prepay voice and text, then drove value with Carryover minutes that last up to a year. More recently, we launched Shared Data, so customers get to use what they’ve paid for across multiple devices.”

“We’ve got more of this ‘simple innovation’ up our sleeve. It’s all about getting people to feel more comfortable about using mobile,” says Mr Hertz.

“New Zealand remains an attractive market for a mobile innovator. There are still great opportunities to deliver better value for New Zealanders.”

At a national level, mobile competition is already making a difference. Last year, 2degrees commissioned research with New Zealand Trade and Enterprise which showed increased mobile competition had driven $2.24 billion of value to the New Zealand economy. Maintaining that competition is expected to drive a further $7.8 billion by 2021.

Background facts on 2degrees:
  • $450m invested to date.
  • New Zealand based 24x7 customer care
  • 97% coverage
  • Prepay and Pay Monthly services for the consumer and business market





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  Reply # 668812 7-Aug-2012 11:34 Send private message

Woohoo, congrats 2Degrees! I think I'm 3, maybe 4 of those million...

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  Reply # 668823 7-Aug-2012 11:46 Send private message

No word on ARPU yet then? That will be the real test of success and longer term sustainability of the business.

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  Reply # 668854 7-Aug-2012 12:30 Send private message

BlueShift: Woohoo, congrats 2Degrees! I think I'm 3, maybe 4 of those million...


Iam 4 of the million as well. everyone in my house is now on 2degrees

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  Reply # 668864 7-Aug-2012 12:39 Send private message

s/customers/connections




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  Reply # 668867 7-Aug-2012 12:47 Send private message

Not much point in 1M customers if you can't make any money :)

Yes yes I know it's not as simple as that!

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  Reply # 668904 7-Aug-2012 13:19 Send private message

networkn: Not much point in 1M customers if you can't make any money :)

Yes yes I know it's not as simple as that!


That will be their next announcement!

ajw



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  Reply # 668909 7-Aug-2012 13:22 Send private message

BuzzLightyear:
networkn: Not much point in 1M customers if you can't make any money :)

Yes yes I know it's not as simple as that!


That will be their next announcement!


Why all the negativity.

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  Reply # 668962 7-Aug-2012 13:46 Send private message

Well done 2Degrees and well deserved.

You'd have a lot more customers too if there weren't so many VF and Telecom customers that are just too lazy to get off their behinds, and see how much better value and service they'd get by changing to you.

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  Reply # 668969 7-Aug-2012 13:48 Send private message

It's unlikely they're making money whilst they're still expanding their own network base.

But they've got a customer base now which has more revenue potential than one you don't have..... Well done the 2 degs. team.

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  Reply # 668970 7-Aug-2012 13:49 Send private message

Spong: Well done 2Degrees and well deserved.

You'd have a lot more customers too if there weren't so many VF and Telecom customers that are just too lazy to get off their behinds, and see how much better value and service they'd get by changing to you.


Actually I don't agree with this comment. I know PLENTY of customers who have moved from 2d to other providers due to substandard service BY 2D, less coverage and overall, worse VALUE (rather than absolute price). 

VF isn't (I imagine) interested in competing solely on price.


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  Reply # 668973 7-Aug-2012 13:49 Send private message

oxnsox: It's unlikely they're making money whilst they're still expanding their own network base.

But they've got a customer base now which has more revenue potential than one you don't have..... Well done the 2 degs. team.


They still have a fair way to go, I would be surprised if they made a significant profit for a while. 

 

ajw



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  Reply # 668977 7-Aug-2012 13:52 Send private message

networkn:
oxnsox: It's unlikely they're making money whilst they're still expanding their own network base.

But they've got a customer base now which has more revenue potential than one you don't have..... Well done the 2 degs. team.


They still have a fair way to go, I would be surprised if they made a significant profit for a while. 

 


At least they have the balls to build their own network.

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  Reply # 668980 7-Aug-2012 13:54 Send private message

Yah because neither Telecom or VF already did that.. Oh wait...

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  Reply # 668986 7-Aug-2012 13:57 Send private message

networkn: Yah because neither Telecom or VF already did that.. Oh wait...


It took time for both to build nationwide networks.

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