1. Most Discussed
  2. Gainers & Losers
SPK $3.93

Ann: JOINTV: SPK: Spark NZ announces joint venture with Vocus Communications

    • Release Date: 04/02/15 17:04
    • Summary: JOINTV: SPK: Spark NZ announces joint venture with Vocus Communications
    • Price Sensitive: No
    • Download Document  3.48KB
    04/02/2015 17:04
    REL: 1704 HRS Spark New Zealand Limited
    JOINTV: SPK: Spark NZ announces joint venture with Vocus Communications
    4 February 2015
    Spark New Zealand announces joint venture with Vocus Communications to help
    deliver New Zealand's fibre future
    Spark New Zealand has announced it will form a fibre construction joint
    venture with Vocus Communications called Connect 8 to further safeguard New
    Zealand's fibre future.
    The move confirms Spark's commitment to being the leader in data network
    capability and data services for New Zealanders. It comes at a time when the
    telecommunications market is rapidly changing. Both business and consumer
    customers are increasingly demanding faster speeds with better resiliency in
    response to an increased demand for digital services.
    David Havercroft, Chief Operating Officer for Spark New Zealand, says the
    joint venture puts Spark in an even better position to help New Zealand
    businesses navigate a digital future in which fibre will become increasingly
    important. Customers have the assurance that Spark New Zealand can deliver
    fibre to them in a range of different ways and with greater flexibility.
    "Spark New Zealand already has 8000 kilometres of fibre cable in New Zealand.
     This, paired with the Optical Transmission Network (OTN) - the core data
    transport network - connects more cities, exchanges and data centres than any
    other network provider in the country."
    "Spark New Zealand is investing hundreds of millions of dollars every year to
    provide customers with better services, strengthening and expanding our
    integrated network, including the rolling out of world-class 4G services
    using more of the latest 700 MHz spectrum than any other provider," adds
    "We've now got New Zealand's leading data network integrating 3G, 4G, WiFi,
    ADSL, VDSL and Fibre, backed up by a nationwide optical transport network and
    a growing number of data centres- all of which is underpinning excellent
    connectivity and capability for business customers."
    Chief Executive of Spark Digital, Tim Miles, says that Connect 8 will benefit
    the business division of the company as it continues to reposition its focus
    to Cloud Infrastructure, mobility, managed ICT and platform-as-a-service.
    "We know that the potential benefits of fibre are still largely untapped by
    New Zealand businesses, and that flexibility of construction and delivery can
    be one of the challenges in making the most of that opportunity.
    "The joint venture will allow Spark Digital to add Vocus Communications
    leadership and construction capability to our network delivery options. It
    also gives us more flexibility, supplier-capacity, and control over delivery
    time frames - therefore enabling more businesses to get on with unleashing
    their digital potential."
    Under the joint venture agreement, Spark New Zealand will acquire 50% of the
    Vocus Communications construction business. Connect 8 will continue to
    construct fibre and telecommunications assets for Vocus Communications, Spark
    New Zealand and other telecommunication providers in New Zealand.  Vocus
    Communications and Spark New Zealand will be equally represented on the
    Connect 8 board and receive equal distributions of profits.
    - ENDS -
    For media queries, please contact:
    Richard Llewellyn
    Head of Corporate Communications
    +64 27 523 2362
    For investor relations queries, please contact:
    Mark Laing
    General Manager Corporate Finance
    +64 27 227 5890
    End CA:00260322 For:SPK    Type:JOINTV     Time:2015-02-04 17:04:27

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.