Street Talk

Ontario Teachers wins at Spark NZ towers auction

Jessica Sier, Sarah Thompson, Kanika Sood and Anthony Macdonald

Jul 12, 2022 – 7.50am

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Ontario Teachers’ Pension Plan is set to buy 70 per cent of Spark NZ’s TowerCo business for $NZ900 million ($816.6 million).

Spark NZ’s hived off 70 per cent of its towers to Ontario Teachers’ Pension Plan. Joseph Johnson/Fairfax NZ

Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com