Telecommunications company NOW New Zealand plans to extend across the lower North Island and, as part of its capital raising efforts, has attracted a minority investment from Spark New Zealand.
"I see Spark's interest as a real show of confidence in NOW's proven ability to understand our local customers andgive them the service they deserve," said NOW chief executive Hamish White.
"They appreciate our 'high service, high value' business model that ensures our customers get the most from their technology."
Mr White said the company was excited to continue its "rapid, but considered expansion across the North Island".
Founded in Hawke's Bay in 2002, NOW currently provides broadband and calling services to business and residential customers throughout Hawke's Bay, Wellington, Kapiti, Rotorua, Taupo and Whakatane.
NOW will be expanding its sales and service hubs and mobile business and residential technical experts into new regions of the lower North Island. It is forecast to employ and train more than 60 new staff in the next 12 months. It will also continue to deliver NOW's
Smarter Communities programme, providing up to 5 per cent of residential revenue for local community initiatives.
Spark New Zealand chief financial officer Jolie Hodson said the company invested in NOW because it was a New Zealand owned and operated ISP with "ambitious growth plans and a proven ability to deliver for their customers in the regions".
"We are excited to support Hamish and the team at NOW as they continue to execute their growth strategy, and see opportunities for NOW to work with Spark New Zealand to benefit customers."
