Spark restructures business into two divisions as UBS weighs IT services sale value
Spark has announced plans to restructure into two divisions, with analysts suggesting a potential IT services sale could help narrow its valuation gap.
Spark announced a restructure of its business into two divisions this week. UBS has indicated that a potential sale of Spark's IT services division could help support the value of its core consumer mobile, broadband and business operations. The move appears aimed at addressing a valuation gap between Spark's parts and its overall market value.
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Will carving up Spark close its valuation gap?
UBS says a potential sale of Spark’s IT services could help underpin the value of its core consumer mobile, broadband and business operations. Spark this week announced it would restructure its business into two divisions .