Oct 25 (Reuters) - Telstra Corporation Ltd (TLS) :
- TELSTRA ACQUIRES DIGICEL PACIFIC WITH AUST GOVERNMENT
- PARTNERED WITH AUSTRALIAN GOVERNMENT TO ACQUIRE DIGICEL BUSINESS IN SOUTH PACIFIC REGION FOR US$1.6 BILLION
- DEAL FOR US$1.6 BILLION, PLUS UP TO AN ADDITIONAL US$250 MILLION SUBJECT TO BUSINESS PERFORMANCE OVER NEXT THREE YEARS
- DEAL INCLUDES ADDITIONAL US$250 MILLION SUBJECT TO BUSINESS PERFORMANCE OVER NEXT THREE YEARS.
- DIGICEL BUSINESS WILL BE OWNED AND OPERATED BY TELSTRA.
- IS CONTRIBUTING US$270 MILLION OF EQUITY TO US$1.6 BILLION PURCHASE PRICE AND AUSTRALIAN GOVERNMENT PROVIDING REMAINING US$1.33 BILLION
- TRANSACTION IMPLIES A MULTIPLE OF 5.8 1-6.9X FY21 EBITDA FOR ACQUISITION OF DIGICEL PACIFIC
- TRANSACTION EXPECTED TO DELIVER AN ATTRACTIVE IRR AND EXCEEDS ALL TELSTRA M&A CRITERIA
- ACQUISITION WILL FURTHER ENHANCE OUTLOOK DEPENDING ON TIMING OF COMPLETION
Oct 25 (Reuters) - Telstra Corporation Ltd (TLS) : TELSTRA...
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