Spark NZ Plans a Return to Earnings Growth with the 25c Dividend Maintained

Spark Delivers Higher Growth with Higher Costs but in Line for FY18

Spark Accelerates Its "Quantum Performance Improvement Program" Bringing Forward Costs and Benefits

Vodafone's NZ Tie-Up with SKY May Indicate a Willingness to Deal in Australia as Well.

Sky Network Television Rings Up Vodafone in a Bid to Reinvent Itself as a Convergent Telecom Player

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Research is provided by our team of experienced analysts. Our work is idea driven, based on independence of thought, sector expertise, and firmly focused on fundamentals and valuation of telecoms and internet names globally. New Street is headquartered in London with offices in New York, Singapore and Australia. 

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<p>We upgraded <a href="https://www.smartkarma.com/entities/930" target="_blank" data-smartkarma-citation="entities:930:1">Spark New Zealand (SPK NZ)</a> in August after its FY16 results showed a return to revenue growth with good cost control lifting the Ebitda margin above 30% in 2H16. Our view was that with modest revenue growth, sustained cost control, and increasing on-net business, the 3-year outlook was more promising than it has been since separation. Previously, we had been concerned about increased competition from Vodafone NZ as noted in a previous note. Since we upgraded the stock in August 2016…</p>

We upgraded Spark New Zealand (SPK NZ) in August after its FY16 results showed a return to revenue growth with good cost control lifting the Ebitda margin above 30% in 2H16. Our view was that with modest revenue growth, sustained cost control, and increasing on-net business, the 3-year outlook was more promising than it has been since separation. Previously, we had been concerned about increased competition from Vodafone NZ as noted in a previous note. Since we upgraded the stock in August 2016…

Spark NZ Moves Closer to Customers with Bid for TeamTalk