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Investment
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Spark’s towers sale price ‘slightly above’ expectations

Sale to Ontario Teachers shows pension appetite still strong for infrastructure.

Spark's Auckland headquarters.

Will Mace Tue, 12 Jul 2022

The $900 million price tag Spark New Zealand has achieved for the sale of 70% of its mobile towers company to the Ontario Teachers Pension Plan Board is slightly above expectations, according to two analysts spoken to by the NBR.

Morningstar’s Brian Han said the 33.8 times earnings multiple was

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Will Mace Tue, 12 Jul 2022
Contact the Writer: william@nbr.co.nz
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Spark’s towers sale price ‘slightly above’ expectations
Investment,
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