Spark’s grey cloud not as bad as it looks

Spark’s grey cloud not as bad as it looks
Spark CEO Jolie Hodson said that the company has a strategy for gaining back ground on cloud, starting with its new Auckland data centre opening in May. (Image: Spark)
Ben Moore
Spark’s shiny new Auckland data centre in Takanini is set to open by the end of May and with it comes renewed space for growth in the telco’s cloud revenue.It was a half year of mixed results for Spark – numbers were sky-high, but mostly because of a one-off sale of tower assets. While mobile revenue grew nearly 9%, broadband and cloud shrank noticeably.On top of that, inflation and talent shortages are squeezing margins and half of that mobile growth came from the return of roaming.While it may not have been a banner half-yea...

More Markets

NZ sharemarket claws back to end the week up 0.5%
Markets Market close

NZ sharemarket claws back to end the week up 0.5%

Index rumours drive prices on two shares. 

Graham Skellern 13 Dec 2024
Staff leave Meridian after retail 'reset'
Markets

Staff leave Meridian after retail 'reset'

Expect a very different approach from Meridian in 2025, executive says.

John Anthony 13 Dec 2024
NZX, NZSA want level playing field in climate reporting
Markets

NZX, NZSA want level playing field in climate reporting

Climate reporting liabilities for company directors could soon be eased.

Greg Hurrell 13 Dec 2024
Cannasouth delisting keeps Petterson in charge
Markets

Cannasouth delisting keeps Petterson in charge

Cannasouth major shareholders pushed to end voluntary administration they had called in.

Garth Bray 13 Dec 2024