Spark NZ sells international voice business

Company News

by Jessica Ellerm


Spark New Zealand Limited (ASX:SPK) has announced it has concluded the sale of its international voice business. 
 
The business has been sold to ASX listed telecommunications provider MNF Group Limited for AU$22.0 million.
 
Conclusion of the sale was contingent on receipt of U.S. government approvals and follows the completion of the sale of the non-U.S. business on 23 April 2015.
 
The acquisition will give MNF Group access to a global voice network spanning 4 continents and a portfolio of over 220 international carrier relationships and interconnect agreements.
 
Spark NZ reported a net profit of $148.1 million at 31 December 2015. 

Jessica Ellerm

Finance News Network
Jessica joined FNN in April 2016 and presents the Australian Share Market Outlook, and reports on the morning's leading business stories. Alongside FNN Jessica is a fintech industry commentator, writing for her own blog and a number of international online publications.