Spark outlines more possible asset sales

Spark outlines more possible asset sales
Spark's CEO Jolie Hodson, left, and chair Justine Smyth. (Image: NZME)
Pattrick Smellie
Spark New Zealand counts its software transfer business MATTR and its 38.12% shareholding in the trans-Pacific Southern Cross Cables business as “non-core” and potentially for sale.Chief executive Jolie Hodson confirmed these two assets were considered as “non-core” along with its remaining 17% share of mobile phone tower business Connexa, which it is currently actively marketing.In a conference call with investors, Hodson also gave every reason to suppose that the Spark board is weighing whether it should continue with...

More Finance

Grenon seeks to end ‘futile’ NZME board stoush
Finance

Grenon seeks to end ‘futile’ NZME board stoush

It's time for the current board to fold 'em, says coup orchestrator. 

Pattrick Smellie 26 Mar 2025
Wow. It’s all basketball!
Finance

Wow. It’s all basketball!

US investment in basketball is lapping at our shores in more ways than one.

Pattrick Smellie 25 Mar 2025
FMA files criminal charges against David McEwen
Finance

FMA files criminal charges against David McEwen

New Zealand’s financial watchdog has filed criminal charges against former financial adviser David McEwen for allegedly failing to comply with a stop order, which prevented him from contacting potential investors.The Financial Markets Authority (FMA) had made a permanent stop ord...

Staff reporters 18 Mar 2025
FNZ employee shareholders revolt over latest capital raise
Finance Exclusive

FNZ employee shareholders revolt over latest capital raise

Long-standing employees believe new raise halves their holdings.

Victoria Young 14 Mar 2025