Spark reviews newly formed digital services unit, opening door to another sale
Monday, 27 July 2026
Spark is weighing the sale of another part of its business.
The company announced this morning it had restructured its remaining IT and cloud computing services activities into a new division, digital services, which is now undergoing “a strategic review”.
An adviser has been appointed and Spark said it expected to complete the review by the end of the year.
It said there was “no certainty that the review will result in a transaction, nor as to the terms or value of any outcome”.
Read more:
Spark reins back ‘broader ambition’ after 17% profit drop and 1300 jobs cut
Spark forced to field hostile, and at times misogynistic questions at AGM
Spark’s connectivity offerings, through which it provides mobile, broadband, “managed services” and IT security is not part of the review.
The company declined to say how many of its approximately 3600 employees worked in the newly created Digital Services division.
Spark employed 5300 staff as of July 2024, but the company has shrunk significantly through previous sell-offs, following disappointing financial returns.
It sold 75% of its data centre business in January.
Spark shares were down 1.5 cents at $1.86 shortly after trading opened on the NZX following the announcement. They have lost about two-thirds of their value over the past three years.