Aetha undertook a due diligence review of 2degrees’ operations ahead of its acquisition by Alignvest (now Trilogy International).
Our experience with mobile and fixed businesses enabled us to assess 2degrees’ market share objectives, subscriber growth drivers, capex plans, and EBITDA margin sustainability against international norms and benchmarks.
We reviewed New Zealand’s mobile and fixed markets, regulatory environment (including relevant initiatives such as the mobile blackspot initiative), and spectrum landscape.
We highlighted opportunities for 2degrees in the unbundled fibre access markets and risks associated with 2degrees’ slow 4G rollout, limited spectrum portfolio, and low ARPUs.
