UPDATE: TeamTalk shares soar as Spark eyes CityLink, Farmside assets

Mon, 06 Feb 2017

(Updates, recasts with fund manager comment, share price) By Paul McBeth Feb. 7 (BusinessDesk) - TeamTalk shares jumped two-thirds after the ailing minnow network attracted a $22.7 million takeover from Spark New Zealand, which would bundle fibre in Wellington and a wireless rural internet service provider into the country's biggest telecommunications company. Auckland-based Spark will pay TeamTalk investors 80 cents per share in a full takeover, a premium to the 45 cents price the stock traded at prior to the announcement. TeamTalk s...

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