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Spark to divest from towers business, dividend to be reduced

Listed telecommunications provider also downgrades earnings and capex guidance ahead of Friday annual meeting.

Listed telecommunications provider Spark is looking to divest from Connexa, a $1 billion towers company it owns alongside Ontario Teachers' Pension Plan, as it downgrades earnings, capital expenditure and dividend guidance.

Following weeks of speculation, Spark said today it had initiated a review

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Hamish McNicol Wed, 30 Oct 2024
Contact the Writer: Hmcnicol@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Spark to divest from towers business, dividend to be reduced
Investment,
106474
true