Spark completes $311m sale of mobile towers to CDPQ

Spark says it has received regulatory approval for the sale of its remaining stake in its mobile tower business. (Image: NZME)

Staff reporters

Fri, 28 Feb 2025

Spark has completed the sale of its remaining stake in its mobile tower network.The deal, announced in December, to Canadian investment giant CDPQ will involve it becoming a joint owner of Connexa with Canada’s Ontario Teachers’ Pension Plan.The two will both have a 50% stake in the business, with Ontario Teachers also agreeing to sell a third of its holdings in the business to CDPQ.Spark told the NZX on Friday afternoon the deal had been completed with a sale price of $311 million.The transaction was conditional on regulatory appro...

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