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Spark New Zealand boosts data center investment amid AI and cloud demand surge

Spark New Zealand plans to invest NZ$1 billion in data centers over the next 5-7 years to meet rising demand from AI and cloud services. The company, which currently holds 25% of the market, aims to expand its capacity by 118 MW. Spark projects a 70-80% profit margin and expects a 10-15% return on investment. Despite a 54% increase in data center revenue, group net income fell 21% due to soft economic conditions.

 

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