Aug 11, 2025 | Posted by Abdul-Rahman Oladimeji
Kiwi telco Spark New Zealand this week announced it has entered into an agreement to sell a 75 percent interest in its data center business to Pacific Equity Partners (PEP). The transaction values the business at up to NZ$705 million (US$417.6m), with Spark receiving NZ$486m (US$288m) upon completion and up to a further NZ$98m (US$58m) based on performance objectives.
Spark CEO, Jolie Hodson, said: "Through this partnership, we will realize value for our data center assets in the short term, while also continuing to participate in the growing market through our 25 percent retained stake – creating further value for our shareholders over the long term.”
“This strategic investment allows DC Co to leverage its strong market position as a high-quality data center network provider, to capture a significant share of the expected growth in the local data center market and position itself as a competitive option for international customers looking to grow their services in New Zealand,” Hodson added.
PEP managing directors, Andrew Charlier and Evan Hattersley, said: “PEP’s investment with Spark in its data center business aligns well with our Secure Assets strategy of partnering to invest in high-quality infrastructure growth platforms. With PEP’s backing and Spark’s partnership, DC Co is positioned for transformative growth, delivering essential infrastructure that will support cloud and AI adoption and data sovereignty in New Zealand.”
