We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Telstra Corporation Limited (PK) | USOTC:TLSYY | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 12.48 | 0.00 | 01:00:00 |
From Jul 2019 to Jul 2024
By Stuart Condie
SYDNEY--Telstra Corporation Ltd. will divest Australia's second-largest private fiber-to-the-premises broadband network to Uniti Group Ltd. for 140 million Australian dollars (US$105.8 million).
Uniti on Wednesday said it had entered into a binding agreement to acquire the assets for an initial A$85 million upon completion. The communications provider said it will pay another A$20 million over three years, and A$35 million upon migration of services and assets.
The Telstra Velocity and South Brisbane Exchange actively services about 50,000 premises, with another 15,000 connected to the network, Uniti said.
Uniti said it will fund the acquisition through debt and an equity raising, comprising an underwritten A$50 million placement and A$10 million share purchase plan.
Uniti last month completed the acquisition of ASX-listed telecommunications infrastructure firm OptiComm.
Write to Stuart Condie at stuart.condie@wsj.com
(END) Dow Jones Newswires
December 15, 2020 18:22 ET (23:22 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year Telstra (PK) Chart |
1 Month Telstra (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
