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

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 ABOVESee omnystudio.com/listener for privacy information.