June 30 (Reuters) - Telstra Corporation Ltd (TLS) :
- 49% SALE OF TOWERS BUSINESS - RETURNS FOR SHAREHOLDERS
- SELLS 49 PER CENT OF TOWERS BUSINESS FOR $2.8 BILLION AND ANNOUNCES RETURNS FOR SHAREHOLDERS
- TRANSACTION VALUES TELSTRA INFRACO TOWERS AT $5.9 BILLION
- CONSORTIUM COMPRISING FUTURE FUND, COMMONWEALTH SUPERANNUATION CORP AND SUNSUPER TO BECOME STRATEGIC PARTNER IN TELSTRA INFRACO TOWERS
- TELSTRA INTENDS TO RETURN APPROXIMATELY 50 PER CENT OF NET PROCEEDS TO SHAREHOLDERS IN FY22
- ENTERED 15-YEAR AGREEMENT WITH INFRACO TOWERS TO SECURE ONGOING ACCESS TO EXISTING AND NEW TOWERS
- WILL BE INVESTING $75 MILLION FROM PROCEEDS TO FURTHER ENHANCE CONNECTIVITY IN REGIONAL AUSTRALIA
- TO PROVIDE FURTHER DETAILS ABOUT MANNER RETURNING PROCEEDS, INCLUDING POTENTIAL SHARE BUY-BACK IN FY22
- FLAGS POTENTIAL SHARE BUY-BACK IN FY22, AT FULL-YEAR RESULTS IN AUGUST
- REMAINDER OF PROCEEDS WILL BE USED FOR DEBT REDUCTION
Source ( https://bit.ly/3h14vZY)
(([email protected];))
News: TLS Telstra Corp Sells 49% Of Towers Business for $2.8 BLN
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Last
$5.05 |
Change
0.030(0.60%) |
Mkt cap ! $57.49B | |||
| Open | High | Low | Value | Volume |
| $5.02 | $5.07 | $5.00 | $186.1M | 37.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 135811 | $5.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.06 | 313776 | 18 |
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| Last trade - 16.15pm 22/08/2025 (20 minute delay) ? |
| TLS (ASX) Chart |