Spark New Zealand Ltd (ASX:SPK)

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.