About Two Degrees Mobile
Two Degrees Mobile is a company based in Auckland (New Zealand) founded in 2001 by Tex Edwards was acquired by Macquarie Group in December 2021. Two Degrees Mobile has raised $28 million across 5 funding rounds from investors including Macquarie Group, European Union and Trilogy International. Two Degrees Mobile offers products and services including Pay Monthly Plans, Prepay Plans, Broadband Plans, and Mobile Phones. Two Degrees Mobile operates in a competitive market with competitors including MTN, Jio, Airtel, SK Telecom and Optus, among others.
- Headquarter Auckland, New Zealand
- Founders Tex Edwards
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Sectors
Telecommunications
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Phone
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Website
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Social
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- Legal Name Two Degrees Mobile Limited
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$28 M (USD)
in 5 rounds
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Latest Funding Round
$169.54 M (USD), Debt – Conventional
Jul 30, 2018
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Investors
Macquarie Group
& 4 more
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Employee Count
Not available
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Acquired by
Macquarie Group
(Dec 31, 2021)
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Products & Services of Two Degrees Mobile
Two Degrees Mobile offers a comprehensive portfolio of products and services, including Pay Monthly Plans, Prepay Plans, Broadband Plans, and Mobile Phones.
Subscription-based mobile plans for personal and group use.
Flexible prepaid mobile options for on-demand usage.
High-speed fibre and wireless broadband for home and business.
Sales of smartphones with interest-free payment options.
People of Two Degrees Mobile
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Funding Insights of Two Degrees Mobile
Two Degrees Mobile has successfully raised a total of $28M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $169.54 million completed in July 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Two Degrees Mobile
Two Degrees Mobile has secured backing from 5 investors, including institutional investors. Prominent investors backing the company include Macquarie Group, European Union and Trilogy International.
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Operates as a commercial bank, offering deposits, loans, and payment services to customers.
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Wireless communications networks are operated across select international markets.
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Investor details for Two Degrees Mobile
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Investments & Acquisitions by Two Degrees Mobile
Investment portfolio details for Two Degrees Mobile
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Financial Statements - Two Degrees Mobile
Detailed financials for Two Degrees Mobile
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Two Degrees Mobile Comparisons
Peer comparison for Two Degrees Mobile
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
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Competitors of Two Degrees Mobile
Two Degrees Mobile operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MTN, Jio, Airtel, SK Telecom and Optus, among others.
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MTN Group is recognized as a leading telecommunications provider in Africa.
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Provider of telecommunication services
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Airtel is recognized as a provider of telecommunications and internet services.
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Provider of integrated telecommunication services
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Mobile internet services are provided for homes and offices.
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Integrated telecom service provider
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Detailed competitors of Two Degrees Mobile
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Latest news on Two Degrees Mobile
Complete news archive for Two Degrees Mobile
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Frequently Asked Questions about Two Degrees Mobile
Two Degrees Mobile was founded in 2001 and raised its 1st funding round 9 years after it was founded.
Two Degrees Mobile is headquartered in Auckland, New Zealand.
Mark Aue is the current CEO of Two Degrees Mobile.
Two Degrees Mobile is a funded company, having raised a total of $28M across 5 funding rounds to date.
Two Degrees Mobile was founded in 2001 in Auckland, New Zealand, within the telecommunications sector. Mobile phone and broadband internet services are delivered to residential and business customers across the country. Operations are centered in Auckland, with network coverage extending nationwide. Leadership is provided by CEO Mark Aue, while Tex Edwards serves as the founder. The domain 2degrees.nz is utilized for online services.
Two Degrees Mobile offers Pay Monthly Plans, Prepay Plans, Broadband Plans, and Mobile Phones.
Two Degrees Mobile has 5 investors. Key investors include Macquarie Group, European Union, Trilogy International, Bank of New Zealand, and Aware Super.