The owners of the 2degrees telecommunications company are looking at a possible sell down of its stake to make the most of advantageous market conditions.
Photo: Supplied.
American-based Trilogy International, which has a 73 percent stake, said shareholders were considering at a possible listing of 2Degrees on the New Zealand and Australian stock exchanges.
Trilogy's President Brad Horwitz said strong sharemarkets, high values for telecoms assets, and the high value of the New Zealand dollar made a partial float attractive.
"This compelling macro backdrop, combined with the resilience, scale and growth of the 2degrees business, suggests now is an opportune time for the shareholders of 2degrees to explore a partial listing of the business."
He said a share float would raise capital to fund growth at 2degrees as well as allow Trilogy to reduce the debt.
2degrees has more than 1.6 million users of its mobile network and also has about 130,000 broadband customers.
The company was launched in 2009 by a group of American and iwi investor groups, and has marketed itself as a cheaper option to the established Spark and Vodafone brands, as well as the telco which has kept the bigger players honest.
"2degrees has fundamentally changed the New Zealand communications market," 2degrees chief executive Mark Aue said.
"We have the infrastructure and industry leading service to do much more... and are investing even more in advance of our 5G launch later this year."
The company has been loss making for much of its history before turning a maiden profit in 2017. Most recent figures contained in Trilogy's latest filing point to continued growth in revenue.