Overview of Vodafone NZ / One NZ
Vodafone New Zealand is the second largest mobile operator in New Zealand and was renamed One NZ in March 2023. In May 2019, Infratil and Brookfield Asset Management acquired Vodafone NZ from Vodafone Group for NZD 3.4 billion, making it an independent operator outside the global Vodafone network. At the time of the acquisition, Vodafone NZ had annual revenue of approximately NZD 2 billion and an EBITDA of about NZD 463 million.
One NZ leads the market in postpaid mobile connection growth and is one of New Zealand's fastest-growing ICT service providers. Normalized EBITDAF for FY2024 reached NZD 600 million, up 13.7% year-on-year, with growth mainly driven by consumer mobile and wholesale businesses.
Vodafone NZ / One NZ Basic Information
- Acquisition Time: May 2019 (acquired by Infratil and Brookfield)
- Name Change Time: Renamed One NZ in March 2023
- Headquarters: Auckland, New Zealand
- Shareholders: Infratil, Brookfield Asset Management
- Mobile Connections: 2 million+ (2024)
- FY2024 EBITDAF: approx. NZD 600 million, up 13.7% year-on-year
- Network Types: 4G LTE, 5G NR
Development History and Milestones
Vodafone NZ, formerly known as BellSouth New Zealand, was acquired by Vodafone in 1998 and renamed. Since then, it has operated for a long time as a subsidiary of Vodafone Group. In 2019, Infratil and Brookfield acquired it for NZD 3.4 billion, with the transaction completed in May of that year. After the acquisition, Vodafone NZ retained its brand for independent operation and continued to invest in 5G and network upgrades. In March 2023, it was rebranded as One NZ to strengthen its local image. One year after the renaming, brand recognition and consideration among non-customers both exceeded those of the original Vodafone NZ brand.
Core Technical Capabilities
Postpaid Leadership
Leading in postpaid mobile connections growth, with a high-quality user base
ICT Services
New Zealand's fastest-growing ICT provider, offering enterprise cloud and digital solutions
5G Network
Continuously expanding 5G coverage to support high-speed mobility and IoT applications
Wholesale business
Strong growth in wholesale business, supporting MVNOs and partners
IoT Applications
One NZ provides mobile IoT connectivity, device management, and ICT integration services to enterprises. The 5G network supports low-latency industrial IoT, connected vehicles, and other applications. The wholesale business provides network access to MVNOs and IoT solution providers.
Competitive Advantages
- Postpaid growth: Postpaid connections growing ahead of the market
- ICT growth: one of New Zealand's fastest-growing ICT providers
- Localization: More flexible in responding to local needs after separating from Vodafone
- Brand Refresh: Increased awareness and consideration of the One NZ brand