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.
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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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