{"id":954256,"date":"2025-08-12T10:36:47","date_gmt":"2025-08-12T05:06:47","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=954256"},"modified":"2025-08-12T11:11:40","modified_gmt":"2025-08-12T05:41:40","slug":"spark-nz-to-sell-75-of-data-centre-business-in-deal-valued-at-419-million","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/08\/12\/spark-nz-to-sell-75-of-data-centre-business-in-deal-valued-at-419-million\/","title":{"rendered":"Spark NZ to sell 75% of data centre business in deal valued at $419 million"},"content":{"rendered":"<p>Spark New Zealand said on Tuesday it will sell a 75% stake in its data centre business to Australian fund manager Pacific Equity Partners, valuing the business at up to NZ$705 million ($418.63 million). <\/p>\n<p>The telecom company expects to receive approximately NZ$486 million in cash proceeds from the transaction. <\/p>\n<p>The company said that bringing on Pacific Equity as a capital partner will secure funding for planned data centre capacity expansion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spark New Zealand said on Tuesday it will sell a 75% stake in its data centre business to Australian fund manager Pacific Equity Partners, valuing the business at up to NZ$705 million ($418.63 million). The telecom company expects to receive approximately NZ$486 million in cash proceeds from the transaction. The company said that bringing on Pacific Equity as a capital partner will secure funding for planned data centre capacity expansion.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-954256","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/954256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=954256"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/954256\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=954256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=954256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=954256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}