Article

Spark, New Zealand's largest telecommunications operator, reported a 30% increase in net profit from continuing operations to NZ$73 million (US$43.8 million) for the first half, despite a 1.1% decline in revenue. The company undertook extensive cost-cutting measures, including cutting 1,300 jobs and divesting assets, resulting in NZ$51 million in savings.

The data center sale of NZ$486 million is expected to reduce debt. CEO Jolie Hodson highlighted a focus on improving customer experience and announced plans for satellite-to-mobile services with Starlink within six months. Spark's stock closed 0.5% lower.