close
MENU
Investment
3 mins to read

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

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Jonathan Mitchell Fri, 04 Nov 2022
Contact the Writer: jmitchell@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Company profile
Powered by:
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
TowerCo sale causes friction at Spark AGM
Investment,
96471
true