Today, Telstra has announced the sale of a 49% stake in its infrastructure company, InfraCo Towers, for AU$2.8 billion.
The move will see the purchasing consortium, headed by the Australian sovereign wealth fund, Future Fund, take a 49% stake in the business, which currently operates around 8,200 towers across Australia.
Once the deal closes, InfraCo Towers will have no debt and Telstra will have a 15…read more on TotalTele.com »