The chairman of 2Degrees' majority owner Trilogy International Partners says the company will invest another $100 million dollars in the mobile phone firm this year.
Trilogy has stakes in mobile businesses throughout the world, including in Bolivia, the Dominican Republic and Haiti, which together provide mobile services to more than 33 million people.
Since 2Degrees began in New Zealand in 2009, it has acquired more than 900,000 customers and it is looking to spend millions this year in expanding its business.
Trilogy chairman John Stanton says it will also take part in the Government's auction for the 700 megahertz spectrum, which will be necessary for the 4g technology, considered the future of mobile broadband.
Mr Stanton says 2Degrees has picked up about 16% market share in New Zealand.
"We've done that by being very aggressive in the marketplace and frankly we benefited by the fact that Vodafone and Telecom New Zealand were complacent in the way they were competing in the marketplace.
"They've clearly woken up, and so we're concerned that we have to continue to grow in order to succeed."
Mr Stanton says 2Degrees will make significant investment in building additional sites this year.
He says the New Zealand economy has been relatively strong compared to the global economy. Spending and debt at the Government level has been positive which creates a good investment climate for Americans.
Mr Stanton says 2Degrees lost four sites during the Christchurch earthquake but it will continue to rebuild there despite some challenges due to the continuing quakes and issues around building permits.
