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Telstra offloads 49% of Towers business for $2.8B In conjunction with the sale, Telstra has entered into a 15-year agreement with the InfraCo Towers business to secure ongoing access to existing and new towers. Andrew Penn (Telstra) Credit: Telstra Just a handful of months after splitting its business into three different units late last year to position itself to spin off its infrastructure assets as part of its broad T22 transformation strategy, Telstra has sold close to half of its Towers business for $2.8 billion.  Australia’s largest telco has offloaded a 49 per cent stake of its Towers business to a consortium comprising Future Fund – the Australian government’s sovereign wealth fund – as well as the Commonwealth Superannuation Corporation and Sunsuper, who together will become a strategic partner in Telstra InfraCo Towers as the minority shareholder in the business.  

Andrew pennCommonwealth superannuation corporationFuture fundTelstra infraco towersInfraco towersInfraco fixedஆண்ட்ரூ பென்காமன்வெல்த் சுப்பெறன்ணுஅதிோன் நிறுவனம்எதிர்கால நிதி