This week 2degrees announced it would be spending $100 million on what appears to be a pretty decent mobile network. Extending both coverage and 3G speed capability. No word on customer numbers, although he promises he will release some in the next couple of months. So until then the number remains at 206,000 subscribers on the 2degrees network. Hertz also says the fledgling telco is on track to deliver an ROI in six to seven years.

By the way, for those who are following the Rural Broadband Initiative, Hertz says that the form of mobile 4G that OpenGate was proposing was WiMax -- not a technology 2degrees is backing.

"We have made a bet on the 4G and the LTE environment, that is the natural progression for us."