2degrees Net Loss Widens – Telecom Earnings Rise
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Image Information:
* Alt Text: “2degrees‘ Mark Callander argues the current market structure has led to an “infrastructure deficit”.”
* Caption: “2degrees’ Mark Callander argues the current market structure has led to an “infrastructure deficit”.”
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Text Content:
* A hidden paragraph: “The Government’s got this delicate balance between security of supply, obviously, and the pain that households are feeling and policy settings that aren’t working. But we expect meaningful change.”
* A hidden heading: “How other telcos are faring”
* Spark experienced a 9% net profit fall to $316m in the year to june, with revenue shrinking 3%. A link is provided to a related article: https://www.nzherald.co.nz/business/one-of-the-most-challenging-periods-in-sparks-history-telco-takes-big-profit-hit-reveals-new-five-year-plan/AIOY6GKUVBGTFFUD4X76XWI6ZQ/
**Key Take