Street Talk

Spark NZ’s data-centre portfolio finds plenty of PE interest

Sarah Thompson, Kanika Sood and Emma Rapaport

Jun 1, 2025 – 6.02pm

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At least three private capital players have thrown their hat into the ring to acquire 50 per cent of the data-centre platform owned by the $3.8 billion Spark NZ, the country’s biggest telco, which is capitalising on investor demand for these assets to pay down debt and fund a hefty development bill.

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.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.