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Spark seeks clearance to acquire TeamTalk

Release No. 93

Spark seeks clearance to acquire TeamTalk


The Commerce Commission has received a clearance application from Spark New Zealand Trading Limited (Spark) to, either directly or indirectly, acquire up to 100% of the shares of TeamTalk Limited.

Spark is a subsidiary of Spark New Zealand Limited (listed on the New Zealand and Australian stock exchanges). Spark New Zealand Limited is a telecommunications company whose services include fixed and mobile telecommunications for residential and business customers.

TeamTalk is a telecommunications company whose services include delivering access to fibre networks for larger organisations and businesses in the main centres, digital mobile radio and internet and voice services to hard-to-reach areas. Its business includes Farmside and CityLink. TeamTalk is listed on the New Zealand stock exchange.

A public version of the application is available on the Commission’s Clearances Register.

Background
When considering a proposed merger, the Commission must determine whether the competition that would be lost with the merger would be substantial.

We will give clearance to a proposed merger only if we are satisfied that the merger is unlikely to have the effect of substantially lessening competition in a market.

A fact sheet explaining how the Commission assesses a merger application is available on theclearances page.


ends

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