Greg Smith: Devon Funds Head of Retail on Spark selling 75 percent of its data centre business to Australia’s Pacific Equity Partners - Heather du Plessis-Allan Drive

Spark New Zealand is selling 75 percent of its data centre business for about half a billion dollars.

Australian-owned Pacific Equity Partners is taking the controlling share of the $705-million-dollar business.

Spark will move its data centre assets and operations into a new stand-alone company.

Devon Funds Head of Retail Greg Smith explains what this could mean for the business.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.