SPARK NEW ZEALAND-SPON ADR Business Summary

Spark New Zealand Limited (OTC: SPKKY) is New Zealand’s largest telecommunications and digital services provider, generating revenue through a mix of mobile subscriptions, fixed-line broadband, and managed IT services. Under its "SPK-30" strategic roadmap, the company has recently restructured into two primary divisions: Connectivity, which encompasses consumer mobile, broadband, and business managed services; and Digital Services, which focuses on cloud computing, cybersecurity, and IT consulting. The company maintains a market-leading position with approximately 40% of the mobile revenue share and 35% of the fixed broadband market. Its primary competitors include One New Zealand (formerly Vodafone NZ), 2degrees, and the infrastructure provider Chorus, with Spark distinguishing itself through its premium "Spark" and value-oriented "Skinny" dual-brand strategy and aggressive 5G standalone deployment. Originally formed in 1987 following the privatization of the New Zealand Post Office's telecommunications division, the company is led by CEO Jolie Hodson, a veteran executive who previously served as the company's CFO and has been instrumental in its shift from a traditional telco to a technology-focused enterprise. The leadership team includes Stewart Taylor as CFO, Matt Bain as Chief AI and Technology Officer, and Mark Beder as Chief Customer Officer for Connectivity. In July 2026, the company further strengthened its bench by appointing Tommy Bjorkberg as COO (effective October 2026) and Leela Ashford as Chief Marketing and Corporate Affairs Officer. The Board is chaired by Justine Smyth, a highly regarded director with extensive experience in governance and finance, while major institutional backing is provided by global investment firms including BlackRock and Vanguard.