1. Buy FCL's 18.4% stake in AMM which is up for sale, say $17M 2. Takeover AMM, thereby also giving a 42% stake in IIN, say a further $120M 3. Takeover the remaining 58% of IIN, say $230M
What do they get: - half a million extra broadband subscribers - loads of cash generating infrastructure i.e. DSLAM's and fibre
TEL suddenly becomes a huge player in Australia with huge growth prospects.
OK my assumptions are a bit shaky but my point is basically that if TEL are considering any further investments in Australia they should be looking for gems, not junk.
Disclosure: the above comments are just the delusional ramblings of an AAM and IIN investor with wishful thinking.
SPK Price at posting:
$1.70 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)