Spark New Zealand is selling 75 percent of its data centre business for about half a billion dollars.

Australian-owned Pacific Equity Partners is taking the controlling share of the $705-million-dollar business.

Spark will move its data centre assets and operations into a new stand-alone company.

Devon Funds Head of Retail Greg Smith explains what this could mean for the business.

LISTEN ABOVE

Spark New Zealand is selling 75 percent of its data centre business for about half a billion dollars.
Australian-owned Pacific Equity Partners is taking the controlling share of the $705-million-dollar business.
Spark will move its data centre assets and operations into a new stand-alone company.
Devon Funds Head of Retail Greg Smith explains what this could mean for the business.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Greg Smith: Devon Funds Head of Retail on Spark selling 75 percent of its data centre business to Australia’s Pacific Equity Partners

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/053e07f8-77d0-464b-94fe-b337007d3267/transcript