Spark EBITDA guidance for FY19 over $1 billion

Company News

by Rachael Jones

New Zealand telecommunications company Spark (ASX:SPK) have released details of their AGM and addressed their move into Agile – a new software for staff to work together more effectively.

Initially controversial, Agile helped replace the traditional hierarchical structure with smaller, self-managing teams.

They also reaffirmed earnings and dividend guidance for the financial year ending 30 June 2019 including with an EBITDA guidance of over $1 billion.

Within the next three years, they also want to grow market share of all data connections to maintain more than 42 per cent market share.

They are also encouraging the Government to make clear policy decisions on what spectrum will be available, and when, for 5G services in New Zealand.
Shares in Spark (ASX:SPK) closed 0.82 per cent higher to $3.69 yesterday
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.