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Spark New Zealand Seeks Partners for Data Centre Expansion

Story Highlights
  • Spark New Zealand is seeking buyers for a stake in its data centre business.
  • The move aims to attract partners for future data centre investment, enhancing Spark’s industry positioning.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

An announcement from Spark New Zealand Limited ( (AU:SPK) ) is now available.

Spark New Zealand has announced it is seeking buyers for a stake in its data centre business, as part of a strategy to attract prospective partners for future investment in this area. While no transaction has been finalized, the move indicates Spark’s commitment to expanding its data centre capabilities, which could enhance its industry positioning and offer new opportunities for stakeholders.

More about Spark New Zealand Limited

As New Zealand’s largest telecommunications and digital services company, Spark provides mobile, broadband, and digital services to millions of New Zealanders and thousands of New Zealand businesses. The company’s purpose is to help all of New Zealand succeed in a digital world.

YTD Price Performance: -22.11%

Average Trading Volume: 2,603,777

Technical Sentiment Signal: Buy

Current Market Cap: A$3.7B

See more data about SPK stock on TipRanks’ Stock Analysis page.

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