May 9 (Reuters) - TPG Telecom Ltd (TPG) :
- SALE OF TPG TOWER ASSETS
- PROPOSED DEAL FOR ENTERPRISE VALUE OF A$950 MILLION
- ANTICIPATES TRANSACTION WILL DELIVER NET CASH PROCEEDS OF APPROXIMATELY A$890 MILLION
- ENTERED BINDING DEAL TO SELL 100% OF ITS PASSIVE MOBILE TOWER AND ROOFTOP INFRASTRUCTURE TO OMERS INFRASTRUCTURE MANAGEMENT INC.
- TRANSACTION INCLUDES A MASTER SERVICES AGREEMENT WITH A 20-YEAR TERM AND AN OPTION FOR TPG TELECOM TO EXTEND
- WILL RECOGNISE ACCOUNTING GAIN ON SALE FROM TRANSACTION OF ABOUT A$350 MILLION TO A$400 MILLION AFTER TAX
- EXPECTS TO USE CASH PROCEEDS TO REPAY EXISTING BANK DEBT
- FOREIGN INVESTMENT REVIEW BOARD APPROVAL IS EXPECTED TO CLOSE IN Q3 OF FY22
News: TPG TPG Telecom Announces Sale Of TPG Tower Assets For A$950 Mln
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Last
$4.94 |
Change
0.010(0.20%) |
Mkt cap ! $9.185B | |||
| Open | High | Low | Value | Volume |
| $4.92 | $4.96 | $4.90 | $4.708M | 953.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4807 | $4.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.94 | 22072 | 2 |
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| Last trade - 16.10pm 09/09/2025 (20 minute delay) ? |
| TPG (ASX) Chart |