Spark Sells 75% of Its Data Centre Business to Australian Firm in Deal Worth up to $584m

Spark to sell 75% stake in data centre to Pacific Equity Partners

Telecommunications company Spark is selling a 75 percent stake in its data centre business for $705 million.

Spark sells 75% of its data centre business to Australian firm in deal worth up to $584m

Spark has sold 75% of its data centre operations to Australian Pacific Equity Partners in a deal that values the business at $705 million. The telco will get...

Spark New Zealand Agrees to Sell Data Center Stake to Trim Debt

Spark New Zealand has agreed to sell 75% of its fledgling data center business, reducing debt and finding a capital partner to help fund expansion.

Spark spins off data center biz, sells 75% to Pacific Equity Partners

News The new data centre company plans to boost capacity to 130W to meet the rising demands for AI and high-performance computing New Zealand’s Spark has this week confirmed that it is spinning off its data centre arm and selling a majority stake to Sydney-based private equity firm Pacific Equity Partners (PEP). PEP will take a 75% stake in the newly created standalone platform, dubbed ‘DC Co’, in a transaction that values the business at roughl…

Spark closes $347M data centre deal with PEP

Spark New Zealand finalised a deal to sell 75 per cent of its data centre business to Australia-based Pacific Equity Partners (PEP) for up to NZD584 million ($346.9 million), including performance-based incentives, with the proceeds going to reducing debt. In a filing, the operator said the deal values the business at NZD705 million. Spark expects to receive NZD486 million in cash, as well as NZD98 million if it achieves certain objectives by en…

Spark NZ sells 75% stake in its data centres – isn't AI supposed to make money?

Spark NZ (ASX:SPK) has confirmed rumours that surfaced in the AFR over the weekend, reporting it will sell a 75% stake in its existing data centre network for $530M to Australian firm Pacific Equity Partners. Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more. That $530M windfall is, by all means, a pretty sweet deal. Spark NZ, that country’s la…