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Spark lifts mobile revenue, but broadband and IT drop slightly

Telco meets earnings guidance and expects dividends to keep rising next year.

The company has returned $146m to shareholders via a planned $350m on-market share buyback promised after the towers sale.

Will Mace Fri, 18 Aug 2023

An uptick in Spark’s mobile services revenue supported a 5.1% increase in total adjusted revenue in FY23, but declines in broadband and IT services turnover reflected competitive market dynamics, according to the company’s leaders.

The NZX-listed telco’s CEO Jolie Hodson told a call with

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Spark lifts mobile revenue, but broadband and IT drop slightly
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