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2degrees reports record annual revenue

Photo: 123RF The telecommunications company reported service revenue of $545 million, up 7 percent on the previous year, while underlying operating earnings rose 6.5 percent to $180m in the year to December 2020. Chief executive Mark Aue said the company had invested more than $1 billion into its network since 2009, and the result was a credit to the work of the 2degrees team in a year fraught with the challenges of the pandemic. When faced with the uncertainty of 2020 we made bold, difficult but necessary decisions to ensure we delivered for our customers, enabling our business to come through the year in the strongest position possible for future growth.

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