TPG eyes Telstra-like tower auction with asset review
Telecoms infrastructure remains in high demand across the globe and are typically sold on earnings multiples in the high teens to the mid-20s.
Source: afr.com
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Future Fund pounces on Telstra's towers in $2.8b deal
Future Fund pounces on Telstraâs towers in $2.8b deal Save Share A consortium spearheaded by Australiaâs Future Fund has agreed a deal to buy a stake in Telstraâs mobile telecommunications towers portfolio. It is understood Future Fund and its co-investors will pay $2.8 billion to buy a 49 per cent stake in Telstraâs TowerCo, which was slated for divestment later this year. Street Talk. Â The deal pre-empts an auction, which was to be run by Macquarie Capital, and comes as Telstraâs arch rival Optus also seeks a buyer for a stake in its telecommunications towers. M...
Source: afr.com