Spark aims to sell between 50% and 75% of its data center unit, with the stake expected to fetch around NZ$550 million (US$327.5 million)

In sum – what to know:

PEP deal close – Spark NZ is reportedly finalizing a sale of a majority stake in its NZ$550M+ data center business to Pacific Equity Partners.

Significant divestment – The telco plans to sell 50–75% of the unit, potentially raising around NZ$550M (US$327.5M).

AI-driven competition – The auction drew strong interest from global investors, fueled by rising demand for AI-capable infrastructure.

Spark New Zealand is close to finalizing a deal with Pacific Equity Partners (PEP) for a majority stake in its NZ$550 million-plus data center platform, according to the Australian Financial Review . The sale marks the conclusion of a

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