Saturday, 25 November 2017

Announcement

GENERAL: SPK: Spark to acquire business telco provider, Digital Island

08 Nov 2017 14:34NZX
MARKET RELEASE
8 November 2017

Spark to acquire business telco provider, Digital Island

Spark today announced it has signed an agreement to purchase all shares in
Digital Island, a NZ-based business telecommunications provider. Spark has
supplied a range of wholesale services to Digital Island for over 10 years.

Ed Hyde, CEO Spark Ventures & Wholesale, said the acquisition, whilst
relatively small for Spark, is a smart, tactical investment.

"Digital Island has built a respected brand in the business communications
market and has a great Cloud PABX offering for NZ businesses. As such this
acquisition will further improve our offering to small and medium-sized
business customers," said Mr Hyde.

Blair Stewart, General Manager of Digital Island, said he believed Spark''s
ownership was a natural and logical move, which would allow the business to
grow to the next level.

"This is a great outcome for our valued staff and customers. It will allow us
to continue our very successful data, mobile and cloud bundle for business,
while further innovating and growing with the backing of Spark," said Mr
Stewart.

Spark intends to run Digital Island as a standalone business with it
operationally reporting into the Spark Ventures & Wholesale unit.

-ENDS-

For media queries, please contact:
Lucy Fullarton
Communications Partner
+64 (0) 21 070 6197
End CA:00309992 For:SPK    Type:GENERAL    Time:2017-11-08 14:34:24
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