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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Telstra Corporation Limited | ASX:TLS | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.015 | -0.41% | 3.65 | 3.63 | 3.65 | 3.67 | 3.64 | 3.65 | 15,829,822 | 09:50:00 |
From Apr 2021 to Apr 2024
By Stuart Condie
SYDNEY--Telstra Corporation Ltd. is considering buying the South Pacific operations of telecommunications company Digicel Group Ltd., with majority financial support from the Australian government.
The ASX-listed firm on Monday said it had held talks over a potential acquisition of the 15-year-old Digicel Pacific, which operates in Papua New Guinea, Fiji, Nauru, Samoa, Tonga and Vanuatu. It generated earnings before interest, tax, depreciation and amortization of US$235 million in the 2020 calendar year with a strong margin, Telstra said.
Telstra said it was initially approached by the Australian government for technical advice in relation to the commercially attractive and region-critical asset.
Telstra's equity investment would be the minor portion of the overall transaction, it said. There is no guarantee of a transaction, it added.
Write to Stuart Condie at stuart.condie@wsj.com
(END) Dow Jones Newswires
July 18, 2021 18:42 ET (22:42 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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