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Spark NZ makes “compelling offer” for TeamTalk Group to complement revenue growth

Connectivity BusinessbyConnectivity Business
February 7, 2017
in Investments, Space Services
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Spark has lodged a bid to buy 100% of New Zealand communications provider TeamTalk Group as the incumbent looks for complementary businesses that support its revenue and earnings growth. Spark has offered NZ$0.80 per share, representing a 78% premium from Friday’s closing price of NZ$0.45 and valuating the struggling telco at NZ$23m (US$17m). In the wake of the takeover attempt, TeamTalk said […]

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Tags: Asia PacificConnect 8PremiumSky Network TelevisionSpark New ZealandTeamTalkTeamTalk GroupTF253Vocus CommunicationsVodafone New ZealandWestpac
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