Spark restructure separates digital services from connectivity

In this edition:Spark restructureMeasuring Broadband New Zealand reviewChorus builds fibre-only exchangeTwo divisions, one may be soldSpark is restructuring into two divisions. The company’s mobile and broadband operations will form the backbone of its Connectivity division, which will also include business connectivity, managed services, IoT and security. Spark’s Digital Services division covers the company’s cloud and IT services.While organisationally distinct, the two divisions will continue to share centralised functions.In an announcement posted to the NZX, Spark says the company’s board has begun a strategic review of the Digital Services division and is now assessing ‘how to maximise the value and returns generated by this division for shareholders’.Spark says there is no certainty the review will lead to a transaction, commonly read as leaving the door open to a sale.Alongside the restructure, Spark has changed its leadership team. Mark Beder, formerly the company’s chief…