Spark New Zealand (ASX:SPK) welcomes the NZ Government announcement on renewal of existing mobile spectrum rights.
It will renew all the rights held by mobile network operators in the 2100 MHz spectrum band and most of the rights held by mobile network operators 1800 MHz spectrum band.
The Government is holding aside a portion of existing rights in the 1800 MHz spectrum band for potential use by emergency services.
The current rights Spark and other mobile network operators hold in these spectrum bands are due to expire in 2021.
Shares in Spark New Zealand (ASX:SPK) are trading 0.57 per cent lower to $3.48.