Spark eyes co-ownership for mobile towers, fibre network

Spark New Zealand is accelerating its investment in building 5G mobile networks, where it sees the most growth opportunities, and is in talks with potential partners to share ownership of the passive infrastructure such as its mobile tower network.The country’s biggest telecommunications company reported an 8.6% decline in net profit of $384 million in in the 12 months ended June 30, as a shift to shorter-life assets and increased lease activity lifted its depreciation and amortisation costs.Revenue slipped 0.8% to $3.59 billion, reflecti...