2degrees sells towers for $1 billion to Spark’s tower co

2degrees sells towers for $1 billion to Spark’s tower co
CEO Mark Callander said the sale will let the telco focus on its core business. (Image: 2 Degrees)
Ben Moore
2degrees Mobile agreed to sell its passive tower assets for $1.08 billion to Connexa, the tower company spun out from Spark’s sale of its own towers earlier this year.The deal includes 1,124 mobile towers, and comes after 2degrees chief executive Mark Callander stated at the June launch of a post-acquisition 2degrees: “We don’t have plans to sell our towers,” and “when you own the infrastructure, you can deliver a better quality outcome.”Spark won't contribute capital the acquisition, diluting its 30% sta...

More Markets

NZ sharemarket edges higher as F&P Healthcare weighs on gains
Markets Market Close

NZ sharemarket edges higher as F&P Healthcare weighs on gains

The S&P/NZX 50 Index closed 14.49 points or 0.11% down at 13,391.59.

Jamie Gray 24 Oct 2025
Contact Energy expands global investor base
Markets

Contact Energy expands global investor base

Contact Energy priced an inaugural €500 million (NZ$1.01b) 7-year senior bond under its Euro Medium Term Note (EMTN) Programme, it said Friday.“This marks a milestone in Contact’s funding strategy, expanding our global investor base and reinforcing our commitment to sustainable f...

Rebecca Howard 24 Oct 2025
Kiwibank wary of capital-review barrier to growth
Finance

Kiwibank wary of capital-review barrier to growth

Kiwibank raises issues of competitive advantage.

Andy Macdonald 24 Oct 2025
Cash or invest? What Allied Farmers could do with $7m
Markets Small Cap Wrap

Cash or invest? What Allied Farmers could do with $7m

Plus, Promisia's insightful guidance, numerous AGMs, and more.