and i forgot,what is currently happening is an asset sale 'not a restructure'. I have no great objection to such sales in fact as posted many times selling 49% of infraco makes complete sense. But of course penn sells the valuable assets first ie infraco and towerco,lets c penn's true grit in selling the left over ie servco. But the real issue is what he develops/buys to replace the EBITDA. digicel wait for the headwinds. meridian ,but now its not going to happen . penn has spent the proceeds from selling a non controlling interest in towerco for approx $2.4b,between digicel and the pathetic buy back the proceeds will be absorbed into the tls financials and never to be seen again and the bottom line tls will end up owning approx half of towerco with no financial benefits. The scary one will be infraco,penn must make an acquisition to replace such infrastructure/ebitda... And y i don't hold tls.
TLS Price at posting:
$3.98 Sentiment: Sell Disclosure: Not Held
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,but now its not going to happen
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(20min delay)