Kem,
thanks. An interesting read. One point i don't follow is where MS says they value the copper network at $10bn or 22c per share. I would have thought $10bn would work out to be closer to 80c per share - with 12.443bn shares on issue. What do you think?
"When it's all said and done, the government is not going to offer nothing for Telstra's copper network. Even if commercially the copper network is a dinosaur watching a meteor approaching, it still involves the simple infrastructure elements of pipes and ducts and so forth the government would otherwise have to lay to feed its fibre network. MS is valuing this at $10bn or 22c per share."
excellent read , page-2
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