SPK- Spark NZ (TELCO)

[LaserEyeKiwi]

Well that's a big ole price OTPP paid: 33.8x prospective proforma EBITDA. According to the AFR the purchase price stacks up well against other telco tower sales.

Holy moly! That is a fantastic sale price by Spark. 33.8x EBITDA. LOL. Very well done.

Infratil will be hoping to do the same with Vodafone towers. KPG also intends to sell portion of its office portfolio to international pension funds, and I know another “utility” company that is setting up to sell off part of its “network” to potential pension fund investors, so it’s a growing trend seemingly.

[RTM]

Holy moly! That is a fantastic sale price by Spark. 33.8x EBITDA. LOL. Very well done.

Infratil will be hoping to do the same with Vodafone towers. KPG also intends to sell portion of its office portfolio to international pension funds, and I know another “utility” company that is setting up to sell off part of its “network” to potential pension fund investors, so it’s a growing trend seemingly.

It’s a pity the TELCO’s can’t work together a bit on tower design and placement. Maybe this might lead into this down the track.

[kiora]

It’s a pity the TELCO’s can’t work together a bit on tower design and placement. Maybe this might lead into this down the track.

Done
https://www.nzherald.co.nz/business/...LQFLFQ2GVHPSQ/
https://ecommercenews.co.nz/story/2d...s-1b-milestone

[dobby41]

It’s a pity the TELCO’s can’t work together a bit on tower design and placement. Maybe this might lead into this down the track.

It's been allowed for many years but isn't popular.
Towers can get a little congested with aerials these days and placement depends on where your other aerials are so a shared tower won't always be in an optimal location for your coverage.

[Nor]

48c per share am I right? How much will we see? The equivalent of one year's extra dividend would be OK.

[RTM]

It's been allowed for many years but isn't popular.
Towers can get a little congested with aerials these days and placement depends on where your other aerials are so a shared tower won't always be in an optimal location for your coverage.

I guess that's a case. But give the size of our country and population...it would seem to make sense that one set of ariels / towers etc might be better for NZ Inc.

[Sideshow Bob]

Spark New Zealand Limited H2 FY22 Results - NZX, New Zealand’s Exchange

Spark delivers strong full year performance and announces plansto increase FY23 dividend and return up to $350 million to shareholders through on-market buy-back

• Disciplined strategy execution delivering strong full year performance with revenue back in growth,EBITDAI1 at the top end of guidance, and NPAT2 in growth
• Spark outperformed the market in mobile service revenue growth3• Total FY22 dividend of 25 cents per share, 100% imputed, and guiding to an FY23 total dividend of 27 cents per share, 100% imputed
• ~$900 million in TowerCo proceeds to be used to maximise shareholder value, invest for growth, and maintain financial strength and flexibility

[bull....]

that was a surprise the intention to increase div next yr

[ronaldson]

Very unusual aggregate of 6.018m shares traded at the close today via the match pricing - the most spirited auction I have seen in a while on the NZX.

[Baa_Baa]

Very unusual aggregate of 6.018m shares traded at the close today via the match pricing - the most spirited auction I have seen in a while on the NZX.

https://www.nzx.com/regulation/NZXO/announcements