The New Zealand mobile market has seen a flurry of activity in recent years with the launch of 5G, divesture of tower assets, allocation of 3.5 GHz spectrum, the rise of bundled mobile and broadband plans, and COVID-19 disruption. The mobile market returned to a kind of normality when lockdowns ended and immigration and tourism returned. 

Consumer mobile revenue will now grow, driven by population growth, a higher proportion of post-paid plans, and migration to higher data allowances. 5G network expansion will also help by enabling 5G premium plans and unlimited plans.

The mobile share of total consumer telecommunications revenue has recovered from the lockdown slump in FY23. Overall, we expect consumer mobile revenue to grow at a CAGR of 2.6% over FY24/29 to reach NZ$2,734m.