Love the use of "junior teleco". What happens when it reaches puberty and breaks out in spots or does it current rumoured poor network performance count as "black spots"?
2degrees history is not really winning spectrum from a treaty claim. It was born out of Econet and NZ communications with some Maori partners bringing in some spectrum that was bought at a small discount to enable services to start in earnest.
Anyway a 3rd player in the LTE space will be excellent news for the Kiwi consumer, Telecom are due to roll out their services I think in next few months so Vodafone's monopoly will end shortly.