|Bid||3.7600 x 35123300|
|Ask||3.7700 x 16192300|
|Day's range||3.7500 - 3.7700|
|52-week range||2.6600 - 3.8000|
|Beta (5Y monthly)||0.59|
|PE ratio (TTM)||25.30|
|Earnings date||12 Aug 2021|
|Forward dividend & yield||0.10 (2.65%)|
|Ex-dividend date||24 Feb 2021|
|1y target est||3.29|
Telstra has teamed up with the Australian government to consider a bid for the Pacific operations of Digicel Group, the debt-laden mobile phone provider controlled by Irish billionaire Denis O’Brien. Australia’s largest telecoms company said on Monday that it had held talks with Digicel regarding a “potential transaction”, a move analysts said was motivated by Canberra’s desire to block a Chinese bid for the latter’s Pacific operations.
Telstra chief executive Andy Penn says asset sales are needed to fund services in rural and regional Australia.A 49 per cent stake in its tower business will be sold to a consortium led by the Future Fund, with half of the $2.
Telstra has sold off just under half its mobile towers business to a high-powered consortium, including Australia's sovereign wealth fund, for almost $3 billion.The deal with the Future Fund, and retirement funds Commonwealth Superannuation Corp and Sunsuper, is for 49 per cent of InfraCo Towers, which is Australia's largest mobile infrastructure business with 8200 towers.