Spark New Zealand (ASX:SPK), the country's largest telecommunications provider, has been bought back by fund managers as expectations reset. In September 2025, Mint Asset Management added Spark back into portfolios on valuation grounds, believing earnings and dividend expectations had become more realistic. In February 2025, Wilson Asset Management noted Spark's results reflected a softer-than-expected operating environment, with continued weakness in enterprise and government spending amid a challenging New Zealand economy. Spark New Zealand operates in the Communication Services sector within the Diversified Telecommunication Services industry, and Thesis Tracker has captured 2 comments from 2 fund managers, Mint Asset Management and Wilson Asset Management. Founded in 1987 and headquartered in Auckland, Spark provides mobile, broadband, fixed-line, cloud, data centre and IT services to consumers, businesses and government across New Zealand.