Spark NZ strikes Connect 8 deal with Vocus

Spark New Zealand has struck a deal with joint venture partner Vocus Communications to buy the remaining 50 per cent in Connect 8 that it doesn't already own.

Vocus Communications is selling the remaining 50 per cent of the Connect 8 fibre construction business to joint venture partner Spark New Zealand for an unspecified sum.

The joint venture was established in February 2015 to provide additional fibre construction to meet the growing demand from businesses and consumers in New Zealand for digital services, Spark says.

Spark chief operating officer Mark Beder on Thursday said that buying the 50 per cent it didn't already own and taking full control of Connect 8 gives it more flexibility, capacity, and control over its fibre construction and delivery.