SYDNEY: Spark New Zealand has agreed to sell a 75% stake in its data center business to Pacific Equity Partners (PEP). The deal values the business at up to $705 million. This sale is intended to provide a funding pathway for Spark’s planned data center development pipeline of over 130MW+. Spark will retain a 25%…
AUCKLAND: Spark New Zealand has entered a strategic partnership with Nokia to enhance network operations, the companies announced Monday. Under the agreement, Nokia will oversee daily monitoring and support for Spark’s network while Spark retains control over key strategic decisions, including future planning, network design engineering, and critical incident oversight. The collaboration will also focus…
AUCKLAND: Spark New Zealand has finalized the sale of its remaining 17% stake in Connexa, New Zealand’s leading mobile tower infrastructure business, to global investment group CDPQ for approximately $311 million. The transaction, which was contingent on regulatory approvals, has now been completed. The deal values Connexa consistently with previous New Zealand mobile tower EBITDAI…
SYDNEY, AUSTRALIA: Spark New Zealand has signed a conditional agreement to purchase back 50% of the shares in Connect 8 from electricity distribution company Electra Group. The transaction means that Connect 8, an infrastructure provider to the telecommunications, water, and power sectors, will again be wholly owned by Spark. Spark Technology Director Mark Beder says,…
AUCKLAND: Spark New Zealand released details of its three-year strategy covering the period FY21 to FY23. The strategy builds on the momentum of the prior three years, which delivered compound annual growth in shareholder returns of 13% – the highest of Spark’s international peer group. Spark Chair Justine Smyth said: “Our next three year strategy…
SYDENY: Norwood Systems Ltd announced the signing of a further agreement with Spark New Zealand Trading Limited for the provision of additional Norwood World Voicemail services to Spark. Under the Agreement, Norwood will provide Spark with a Spark-branded version of Norwood’s existing hosted World Voicemail service and application, for use exclusively in New Zealand, that…