Spark's market cap slips, as investors weigh increased competition

Fri, 24 Apr 2015

By Suze Metherell April 24 (BusinessDesk) - Spark New Zealand, formerly Telecom Corp, has slipped from being the country’s largest listed company, as investors mull its transformation away from telecommunications and the risk of increased competition. Earlier this week, the Auckland-based company's share price dropped to its lowest level since last August. Spark has fallen from being the NZX’s largest listed company by market capitalisation, valued at $6.51 billion in February, to the third largest at $5.17 billion today. Fletcher Buildin...

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