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(Reuters) - Telecom firm Spark New Zealand Ltd said on Tuesday it will sell a 70% stake in its towers business for NZ$900 million ($550.2 million) to Canadian investment firm Ontario Teachers' Pension Plan Board.
The stake sale in Spark TowerCo, which includes about 1,263 sites and values the business at NZ$1.18 billion, comes months after the Auckland-based telecommunications firm announced the plan as it looks to expand its coverage with eyes on digital growth. (https://bit.ly/3O0tAl5)
Telec...
>>> Read more: Spark New Zealand sells 70% stake in towers business for $550 million
The stake sale in Spark TowerCo, which includes about 1,263 sites and values the business at NZ$1.18 billion, comes months after the Auckland-based telecommunications firm announced the plan as it looks to expand its coverage with eyes on digital growth. (https://bit.ly/3O0tAl5)
Telec...
>>> Read more: Spark New Zealand sells 70% stake in towers business for $550 million
