UPDATE: TeamTalk tells shareholders to wait after Spark confirms $22.7M takeover offer

Wed, 08 Mar 2017

(Recasts and adds TeamTalk response in lede and paragraphs 6-8, clarifies OIO approval in paragraphs 9,10) By Sophie Boot March 9 (BusinessDesk) - TeamTalk says it's in discussions with other parties and has advised shareholders to wait after Spark New Zealand confirmed its $22.7 million takeover offer for the network minnow, a deal which would give the country's biggest telecommunications group ownership of fibre in Wellington and a wireless rural internet service provider. Auckland-based Spark indicated it wants to integrate TeamTalk...

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