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Hot Topic EARNINGS
Hot Topic EARNINGS
Investment
3 mins to read

TowerCo sale causes friction at Spark AGM

Spark defends why the sale was best option for company and shareholders.

Deal worth more than $900m, with up to $350m for a share buy-back.

Spark’s near-billion-dollar mobile towers deal was the cause of friction at the telecommunications company’s annual meeting today, with one shareholder calling it “short-term gain, for long-term pain”.

The sale of Spark’s 70% stake in TowerCo to the Ontario Teachers’ Pension Plan Board

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Jonathan Mitchell Fri, 04 Nov 2022
Contact the Writer: jmitchell@nbr.co.nz
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TowerCo sale causes friction at Spark AGM
Investment,
96471
true