Menu
Spark NZ set to sell international voice business for NZ$22m

Spark NZ set to sell international voice business for NZ$22m

Telco enters into an agreement to sell its international voice business to My Net Fone Limited for NZ$22 million.

Spark New Zealand has entered into an agreement to sell its international voice business to My Net Fone Limited for NZ$22 million.

The international voice business has forecast EBITDA of approximately NZ$3-4 million per annum while Spark New Zealand will retain its international data business.

"This divestment is in line with Spark New Zealand’s strategy to focus principally on its New Zealand operations and its ambition to become a winning business, inspired by customers to unleash the potential in all New Zealanders," a company statement on the New Zealand Stock Exchange reveals.

The non-US aspects of the transaction are expected to complete during April 2015, with the US aspects to complete following receipt of US government approvals.


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags Spark New Zealand

Featured

Slideshows

Channel celebrates as HP marks 50 years in NZ

Channel celebrates as HP marks 50 years in NZ

HP marked 50 years in New Zealand at an event in the vendor's Auckland's headquarters last night, with a host of key channel figures coming along to celebrate. Photos by HP.

Channel celebrates as HP marks 50 years in NZ
EDGE 2017 - Icebreaker Sessions round 2

EDGE 2017 - Icebreaker Sessions round 2

EDGE guests experience the value of networking at the second round of Icebreaker sessions.. Photos by Maria Stefina

EDGE 2017 - Icebreaker Sessions round 2
Show Comments