Brief: Spark New Zealand To Sell 70% Of Towerco Business For NZ$900 Mln

Spark New Zealand

11/07/2022 21:35

July 12 (Reuters) - 
    * SPARK NEW ZEALAND LTD - ANNOUNCES SALE OF 70% OF TOWERCO
BUSINESS FOR NZ$900 MILLION
    * SPARK NEW ZEALAND ANNOUNCED ONTARIO TEACHERS’ PENSION PLAN
BOARD
WILL ACQUIRE A 70% INTEREST IN ITS TOWERCO BUSINESS
    * SPARK NEW ZEALAND LTD - TRANSACTION ANTICIPATED TO OCCUR
IN
FIRST HALF OF FY23
    * SPARK NEW ZEALAND - TRANSACTION VALUES BUSINESS AT
NZ$1.175
BILLION
    * SPARK NEW ZEALAND - HAS ENTERED INTO A 15-YEAR AGREEMENT
WITH
TOWERCO TO SECURE ACCESS TO EXISTING AND NEW TOWERS

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