New Zealand’s demand for data centres is expected to grow more than five times in the next five years from 71 megawatts to 368MW – of which Spark NZ stands to command a “reasonable market share”, thanks to its 140MW planned capacity, deep client relationships, and access to power and land.
Spark NZ boss Jolie Hodson is widely expected to use the sale proceeds to pay down debt.
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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
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
