Spark NZ's Data Centers Stake Likely Worth More Than NZ$400 Mln -- Market Talk

Dow Jones
2025/06/25

0006 GMT - Spark New Zealand is considering selling a stake in its data center business. UBS thinks a 51% interest could be worth NZ$400 million-NZ$600 million, depending on the premium paid for majority control. Analyst Phil Campbell rates Spark as a buy. He thinks investors are underestimating the value of Spark's data-center business and the potential for special dividends. Both of these could help to close some NZ$0.50/share of the value gap to where Spark's stock is currently trading. UBS thinks it makes sense for Spark to partner on data centers because it would allow the company to reduce debt and refocus on its telecom business. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

June 24, 2025 20:06 ET (00:06 GMT)

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