Vocus and Spark form construction joint venture for fibre

Tue, 03 Feb 2015

By Fiona Rotherham Feb. 4 (BusinessDesk) - Vocus Communications, the Australian fibre network and datacentre company, has entered into an agreement with kiwi telco Spark New Zealand to form a new construction joint venture, Connect 8. Under the joint venture deal, Spark will acquire half of Connect 8 for an upfront cash payment and an agreed level of annual construction spend while Vocus will also put up an agreed level of annual construction spent to the joint venture. The amounts weren't disclosed. After an initial start-up period, C...

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