Connexa completes acquisition of 2degrees’ tower assets

Spark New Zealand Limited
ARBN 050 611 277 Spark City, 167 Victoria Street West, Private Bag 92028, Auckland, New Zealand




MARKET RELEASE – THURSDAY, 22 JUNE 2023


Spark confirms completion of Connexa’s acquisition
of 2degrees’ tower assets

Following its announcement on 15 December 2022, Spark New Zealand (“Spark”) has today
confirmed that Connexa has completed the acquisition of the passive mobile
telecommunications tower assets of 2degrees Mobile Limited and 2degrees Networks
Limited (“2degrees”) from its owners Macquarie Asset Management and Aware Super
Limited.

The transaction was conditional on Commerce Commission and Overseas Investment Office
approvals, which have both now been received.

Connexa is the independent mobile towers business in which Spark is a shareholder.

As previously announced, Spark did not contribute equity to the acquisition and following
today’s completion, its shareholding in Connexa is diluted from 30% to approximately 17%
(of the resulting larger business). Spark retains certain governance rights including Board
representation and will benefit from the value accretive expansion of the business.

Authorised by:
Alexa Preston
Finance Lead Partner – Group Performance & Investor Relations


For more information contact
For media queries please contact:
Althea Lovell
Corporate Relations Lead Partner
(64) 21 222 2992
althea.lovell@spark.co.nz


For investor queries please contact:
Chante Mueller
Head of Investor Relations
(64) 27 469 3062
Chante.Mueller@spark.co.nz

About Spark
Spark is New Zealand's largest telecommunications and digital services company, with a
purpose to help all of New Zealand win big in a digital world. Spark provides mobile, broadband,
and digital services to millions of New Zealanders and thousands of New Zealand businesses.
www.sparknz.co.nz