Spark divides operations in two
Telecommunications company Spark is restructuring its operations into two distinct divisions: Connectivity and Digital Services. The move is part of a five-year strategic plan to improve performance and potentially divest non-core business units.
Why it matters
This reorganization reflects a broader trend in the telecommunications sector to separate infrastructure-heavy services from high-growth digital offerings to maximize shareholder value.
*Correction: This story has been updated to clarify details of the changes
Telecommunications company Spark has reorganised its operations into two divisions to reflect an increasing focus on core services.
The core telco and IT services will come under the direction of the Connectivity division, with the other division responsible for Digital Services.
The company's market statement made no mention of job cuts, though a spokesperson said the review was continuing under Spark's strategic plan five-year plan to review digital services.
"The review represents the next logical step in assessing how to maximise the value and returns generated by this division for shareholders," it says.
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