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On 31 March 1987, the New Zealand Post Office was split into three state-owned enterprises including ‘Telecom’. In that same year, Telecom launched New Zealand’s first mobile phone network. Two years later, New Zealand got its first internet connection, the telco sector was deregulated and in 1990 Telecom was sold for a record NZ$4.2 billion and soon listed on the New Zealand, Australian and New York stock exchanges. In 2011, Telecom was split into two different companies, with Telecom being the retailer of fixed and mobile services (and operator of a mobile network). Finally, in 2014, it rebranded as Spark New Zealand (ASX:SPK) with broadband, entertainment media and cloud computing.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.70% at lunch.
Spark New Zealand Ltd (ASX:SPK) has just announced an acquisition, is it the best New Zealand company?
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 0.69% on Tuesday.
The Zip Co Ltd (ASX:Z1P) share price has risen over 4% in reaction to an exciting acquisition.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.61% at lunch.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up by 0.002% on Tuesday.
Futures contracts for the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) index are pointing to a slightly negative open on Friday morning with Sandfire Resources NL (ASX:SFR) and Spark New Zealand Ltd (ASX:SPK) in the news.
Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO), is down by 0.43% at lunch.
Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO), is down by 0.71% at lunch.
