TowerCo sale causes friction at Spark AGM
Spark defends why the sale was best option for company and shareholders.
Deal worth more than $900m, with up to $350m for a share buy-back.
Spark’s near-billion-dollar mobile towers deal was the cause of friction at the telecommunications company’s annual meeting today, with one shareholder calling it “short-term gain, for long-term pain”.
The sale of Spark’s 70% stake in TowerCo to the Ontario Teachers’ Pension Plan Board
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