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Spark New Zealand Limited (ASX:SPK)

Posted on November 10, 2020March 25, 2024

Click here: Spark New Zealand Limited (ASX:SPK) share price

Spark New Zealand Limited, more commonly known as Spark, is a New Zealand telecommunications company providing fixed line telephone services, a mobile network, an internet service provider, and is a major ICT provider to NZ businesses (through its Spark Digital division).

Its name in Te Reo Māori is Kora Aotearoa, and it was formerly known as Telecom New Zealand until it was rebranded with its current name in 2014. It has operated as a publicly traded company since 1990.

Spark is one of the largest companies by value on the New Zealand Exchange (NZX). As of 2007, it was the 39th largest telecommunications company in the OECD. The company is part of New Zealand Telecommunications Forum.

Telecom New Zealand was formed in 1987 from a division of the New Zealand Post Office, and privatised in 1990. In 2008, Telecom was operationally separated into three divisions under local loop unbundling initiatives by central government – Telecom Retail; Telecom Wholesale; and Chorus, the network infrastructure division.

This separation effectively ended any remnants of monopoly that Telecom Retail once had in the market. In 2011 the demerger process was complete, with Telecom and Chorus becoming separate listed companies. On 8 August 2014, the company changed its name to Spark New Zealand.

Traded as:           NZX: SPK;     ASX: SPK

Industry:              Telecommunications

Predecessor:     New Zealand Post Office

Founded:            1 April 1987; 33 years ago

Headquarters:   Auckland

Products:            

  • Mobile Services
  • Broadband services
  • Landline services
  • Spark Sport

Services              

  • Fixed Telephony
  • Mobile Telephony
  • Internet Access
  • Leased Lines
  • Data Transmission
  • ICT Solutions
  • Streaming Video on Demand
  • Home Automation

Divisions:            

  • Spark Home, Mobile and Business
  • Spark Wholesale
  • Spark Digital
  • Spark Ventures
  • Spark Connect
  • Spark Foundation
  • Spark Sport

Website:             

www.spark.co.nz

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Spark outlines next phases of its progressive roll out of 5G services

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