New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Thematic (Sector/Industry)

New zealand Telecom services / Thematic (Sector/Industry)

<ul><li>Spark’s share fell ~-60bps over 2Q26 to 37.1%. Within this, Spark’s main brand fell ~-65bps over the quarter and its Skinny brand gained ~+5bps of share. Over the last 12-months Spark has lost ~-140bps</li><li>One NZ continues to hold its share broadly stable with its share up ~+10bps over 2Q26 and up ~+25bps over the last 12-months. One NZ’s share is now 36.1%</li><li>2degrees continues to steadily gain share in this data, growing ~+50bps in 2Q26 and ~+115bps over the last year taking it to 26.9%</li></ul>

Spark’s share fell ~-60bps over 2Q26 to 37.1%. Within this, Spark’s main brand fell ~-65bps over the quarter and its Skinny brand gained ~+5bps of share. Over the last 12-months Spark has lost ~-140bpsOne NZ continues to hold its share broadly stable with its share up ~+10bps over 2Q26 and up ~+25bps over the last 12-months. One NZ’s share is now 36.1%2degrees continues to steadily gain share in this data, growing ~+50bps in 2Q26 and ~+115bps over the last year taking it to 26.9%

Telco Sector: 2Q26 Telcowatch Mobile Market Share