Spark making cuts but says transformation projects will return
Telco fails to adapt cost base quickly enough to off-set government and corporate market drop; profit dives 21%.
Spark CEO speaks at last year's AGM in Auckland.
Spark is aiming to cut labour costs and operating expenses by $50m and $30m respectively in its current financial year, but the cuts will not be isolated to teams that serve the enterprise and government segments that underperformed in FY24.
The NZX and ASX-listed telecommunications company posted
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