Spark to sell 75% of data centre business to PEP for $486m-plus
Under-pressure telco signaled its intention to explore partnerships to develop its data centre portfolio in October last year.
An artist’s impression of Spark’s planned North Shore data centre development.
Spark has announced an agreement to sell a 75% interest in its data centre business to Pacific Equity Partners (PEP) for initial cash proceeds of approximately $486 million.
The NZX and ASX-listed telco told the market this morning that additional deferred cash proceeds of up to approximately $98m
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