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
May 9 (Reuters) - TPG Telecom Ltd (TPG) : SALE OF TPG TOWER...
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