The business is valued at up to $416 million, and Spark said it expects to receive $287 million in cash, as well as $57.8 million if certain performance-based criteria are met by the end of 2027

In sum – what to know:

Deal finalized – Spark New Zealand has agreed to sell a 75% interest in its data center business to Pacific Equity Partners (PEP) for up to $346.9 million.

New DC standalone business – As part of the transaction, Spark will shift its data center assets and operations to a new standalone business called DC Co.

It’s official — Spark New Zealand announced today that it has agreed to sell a 75% interest in its data center business to Pacific Equity Partners (PEP) for up to NZD584 million ($346.9 million).

The business is valued at up to NZD$705 million ($416 million), and

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