Spark New Zealand to sell 75% stake in data centre business to Pacific Equity
11/08/2025 21:39
Aug 12 (Reuters) - Spark New Zealand SPK.NZ said on Tuesday it will sell a 75% stake in its data centre business to fund manager Pacific Equity Partners, valuing the business at up to NZ$705 million ($418.63 million). The telecom firm expects to receive cash proceeds of about NZ$486 million for the transaction. ($1 = 1.6841 New Zealand dollars) (Reporting by Sneha Kumar in Bengaluru; Editing by Shreya Biswas) ((Sneha.Kumar@thomsonreuters.com;))
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