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

Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
ASX: Australian shares slide to a two-week low as tech drags
Markets

ASX: Australian shares slide to a two-week low as tech drags

Every sector of the Australian share market has lost ground.

AAP 26 Jul 2024
NZ sharemarket down 0.38%
Markets Market close

NZ sharemarket down 0.38%

The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.

Graham Skellern 26 Jul 2024
The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024