Spark buys remaining stake in UFB installer Connect 8

Wed, 30 Nov 2016

By Tina Morrison Dec. 1 (BusinessDesk) - Spark New Zealand, the country's biggest telecommunications company, agreed to buy the remaining half share of fibre construction business Connect 8 from its joint venture partner Vocus Communications for an undisclosed sum. The joint venture was formed in February 2015 to boost fibre construction and delivery to meet growing demand for digital services from businesses and consumers. Buying out its partner enables Spark to continue its fibre replacement programme and the expansion of its optical t...

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