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Telstra sells 49% of tower co for AU$2.8bn

2021-06-30 02:00:00| Total Telecom industry news

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 »

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