Towercos officially reach every corner of the earth
New Zealand MNO Spark spin off towers
Towercos are now active in the US, Argentina, Japan and…New Zealand! The towerco fever which took hold in Australia last year has crept across the Tasman Sea to take hold in New Zealand. Spark New Zealand announced on its February 22nd earnings call that it plans to carve out 1,250 of its 1,500 tower assets into a new subsidiary that will be named Spark Towerco.
It also plans to explore the introduction of outside capital, in a model that mirrors Telstra’s tower carve out into Amplitel and Optus’s carve out into Australia Tower Network – two deals that were completed last year.