2 degrees buys Snap

Stuff reports:

2degrees is on a better footing to compete with giants Spark and Vodafone with the purchase of smaller telco Snap, and the addition of home phone lines and home broadband to its mobile service.

No price was disclosed for the purchase of the telecom and internet service firm, although an industry report has said 2degrees had agreed to buy Snap for $26 million.

2degrees first announced it planned to move into the fixed-line market in August 2012.

The two will combine under the 2degrees brand, delivering broadband and mobile service to consumers, businesses and enterprise customers nationally.

This is a good thing for consumers. A third full service telco will be good for competition. 2 degrees has been a real success story in the mobile space, and hopefully they’ll do well in other areas.