New Zealand Herald | February 10, 2011 | Hamish Fletcher
2degrees plans to invest $100 million in its network over the next two years, extending its reach into more parts of New Zealand.
The announcement follows a deal between 2degrees and international telecommunications giant Huawei, which will provide technology for the build.
2degrees was launched in 2009 and provides mobile phone services on its own network, competing with Vodafone and Telecom.
The $100 million dollars of new capital brings the total amount of investment in the network to $400 million since its conception.
2degrees chief executive Eric Hertz said the new investment will ensure the network is ready to handle the requirements of 4G [fourth generation] smartphones.
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