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Spark New Zealand Limited ( (AU:SPK) ) just unveiled an announcement.
Spark New Zealand Limited’s 2025 Annual Meeting highlighted the company’s strategic focus on its core connectivity business amidst challenging economic conditions. The company has divested non-core assets, including its stake in Connexa and Hutchison Telecommunications Australia, and entered a partnership to sell a majority interest in its data centers to Pacific Equity Partners. Despite a decline in revenue and profit, Spark maintained its dividend and outlined a new five-year strategy, SPK-30, to drive future growth and shareholder returns by prioritizing capital allocation to its core business and leveraging partnerships and AI.
More about Spark New Zealand Limited
Spark New Zealand Limited operates in the telecommunications industry, focusing on connectivity services. The company is primarily engaged in providing mobile and data services, and it has been refocusing on its core business of connectivity to strengthen its position in the market.
Average Trading Volume: 1,774,868
Technical Sentiment Signal: Sell
Current Market Cap: A$3.93B
Find detailed analytics on SPK stock on TipRanks’ Stock Analysis page.