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

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 »