Pacific Equity Partners buys Spark New Zealand data centres for $532m to boost AI, cloud computing

Pacific Equity Partners is betting on strong demand for artificial intelligence and cloud computing services in New Zealand after snapping up a majority stake in data centres owned by the country’s biggest telecommunications group.

As flagged by The Australian Financial Review’s Street Talk, telco Spark New Zealand has sold a 75 per cent stake in its 11 data centres to the Australian private equity group for up to $NZ584 million ($532 million) in cash.

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