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Spark sells 70% TowerCo stake to Ontario Teachers

Telco sells for $900m, retains 15-year right to access towers.

Spark New Zealand chair Justine Smyth.

Will Mace Tue, 12 Jul 2022

Spark New Zealand intends to sell a 70% stake in its TowerCo business to the Ontario Teachers’ Pension Plan Board (OTPPB) for $900 million.

The company informed the market of the arrangement this morning, saying the transaction values the business at $1.175 billion, representing a 2023 financial

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Will Mace Tue, 12 Jul 2022
Contact the Writer: william@nbr.co.nz
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Spark sells 70% TowerCo stake to Ontario Teachers
Investment,
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