Australia’s Telstra to sell 49% of tower business for $2.1 bln
Australian telecom firm Telstra Corp (TLS.AX) said it will sell a 49% stake in its mobile tower business for A$2.8 billion ($2.1 billion) and return half the sale proceeds to investors, sending its shares to their highest level in over a year. A consortium of Australia’s sovereign wealth Future Fund and pension funds Commonwealth Superannuation […]
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