Spark revenue up as it plans for new subsidiary

Spark net profit was up 21%. (Image: supplied)

Wed, 23 Feb 2022

Spark reported net profit after tax of $179 million and total revenue of $1.89 billion in its first-half results Wednesday, a 21% and 5.2% increase respectively on the corresponding previous period.The telco also announced plans to create a subsidiary by the end of 2023 called Spark TowerCo, which it said will “improve the performance, utilisation, and capital efficiency of its passive mobile assets".Mobile service revenue was up 5% at $441m but broadband revenue fell 3.9% to $324m. “While broadband revenue fell 3.9% in a...

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Developer Kurt Gibbons buys Ryman’s Newtown site

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