*Correction: This story has been updated to clarify details of the changes<\/p>\n
Telecommunications company Spark has reorganised its operations into two divisions to reflect an increasing focus on core services.<\/p>\n
The core telco and IT services will come under the direction of the Connectivity division, with the other division responsible for Digital Services.<\/p>\n
The company’s market statement made no mention of job cuts, though a spokesperson said the review was continuing under Spark’s strategic plan five-year plan to review digital services.<\/p>\n
“The review represents the next logical step in assessing how to maximise the value and returns generated by this division for shareholders,” it says.<\/p>\n
The statement also indicates the review could result in the sale of a business part that no longer fit its strategic direction.<\/p>\n
“There is no certainty that the review will result in a transaction, nor as to the terms or value of any outcome. An advisor has been appointed, and the review is expected to be completed during H1 FY27 (31 December 2026).”<\/p>\n
Spark chief executive Jolie Hodson said Spark had made “strong progress” in executing its strategic plan.<\/p>\n
“This next step creates clear ownership of performance across Connectivity and Digital Services, strengthens execution, and enables us to allocate capital and resources appropriately to support each division to perform in line with its distinct needs and growth potential,” she said.<\/p>\n
Spark’s full year guidance for the year ended June remained unchanged, with the results to be reported 20 August.<\/p>\n","protected":false},"excerpt":{"rendered":"*Correction: This story has been updated to clarify details of the changes Telecommunications company Spark has reorganised its…\n","protected":false},"author":2,"featured_media":545450,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[138,111,139,69],"class_list":["post-545449","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/545449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=545449"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/545449\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/545450"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=545449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=545449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=545449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}