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Spark New Zealand Provides Investor Strategy Update

16 Sep 2020  |  07:47:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Spark investor strategy update

Spark New Zealand provided investor strategy update. It aspires to grow free cash flow to $500m by FY 2023 to enable a growing and sustainable total dividend over time. Headroom expected to be tight in FY 2021 and then improving from FY 2022. Long-term investments in mobile spectrum in FY 2021 $50m and FY 2023 to secure long-term rights to critical 5G C-band spectrum.

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