Spark New Zealand gains on proposed divestiture of mobile towers business

Spark New Zealand

30/10/2024 02:22

** Shares of Spark New Zealand  SPK.NZ  rise as much as 2.2%
to NZ$3.025, their biggest intraday pct gain since Oct 18
    ** The telco firm considers divesting its stake in mobile
tower business Connexa  
    ** Co says it has received interest for its stake in Connexa
while a transaction is not yet certain
    ** Stock down 42% YTD, as of 0216 GMT

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))