ComCom clears $1b sale of 2degrees towers

Most of New Zealand's mobile infrastructure will be owned by two companies. (Image: Getty)

Fri, 05 May 2023

The Commerce Commission has given the all clear for the $1 billion acquisition of 2degrees’ passive tower assets by Connexa, the tower co-partially owned by Spark.The intent to acquire the assets was announced in December last year but was put on notice by the commission due to concerns over how it might impact local mobile network supply.With the proposed acquisition going ahead, the vast majority of NZ’s mobile infrastructure will be owned by two companies.One will be Connexa, co-owned by Spark and the Ontario Teachers’ Pens...

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Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

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