Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Telstra Corporation Limited    TLS   AU000000TLS2

TELSTRA CORPORATION LIMITED

(TLS)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Telstra to Restructure in Preparation for Mobile Tower Monetization

11/11/2020 | 04:49pm EST

By Stuart Condie

SYDNEY--Telstra Corp. will restructure into three business units in a move its Chief Executive said will allow the company to unlock value from Australia's largest mobile-tower network.

The ASX-listed communications company on Thursday said it would create an infrastructure unit holding assets including data centers and sub-sea cables, a mobile towers infrastructure unit, and a services unit to hold products and assets such as mobile spectrum.

Telstra said it will look to monetize the tower assets over time, citing strong demand and compelling valuations.

Chief Executive Andy Penn said the proposed restructure might generate additional shareholder value.

"It will unlock value in the company, improve the returns from the company's assets and create further optionality for the future," Mr. Penn said in a statement.

Write to Stuart Condie at stuart.condie@wsj.com

(END) Dow Jones Newswires

11-11-20 1649ET

Stocks mentioned in the article
ChangeLast1st jan.
ASX LIMITED -2.29% 70.84 End-of-day quote.-1.61%
S&P/ASX 200 -0.78% 6663 Real-time Quote.1.95%
TELSTRA CORPORATION LIMITED 0.97% 3.12 End-of-day quote.4.70%
All news about TELSTRA CORPORATION LIMITED
01/14TELSTRA : One in two Aussies now covered by Telstra 5G in major roll out milesto..
PU
01/11Telstra, Ericsson and Ciena partner to deliver a wavelength switched "always ..
AQ
01/05Australia shares open lower as domestic virus concerns weigh
RE
2020MOTOROLA : Telstra Awarded AUD567 Million Contract to Establish Advanced Public ..
MT
2020MOTOROLA : Telstra and Motorola Solutions to Deliver Advanced Public Safety Comm..
AQ
2020Telstra, Ericsson and Ciena partner to deliver a wavelength switched "always ..
AQ
2020CIMIC : Associate Bags $429 Million Field Optimization Contract with Telstra
MT
2020Uniti Group Raises Nearly $38 Million via Share Placement; Shares Up 12%
MT
2020Uniti Group to Acquire Telstra Velocity, South Brisbane Exchange Assets for $..
MT
2020Telstra Divests Fixed-Line Assets to Uniti Group for A$140 Million
DJ
More news
Financials
Sales 2021 24 363 M 18 718 M 18 718 M
Net income 2021 1 640 M 1 260 M 1 260 M
Net Debt 2021 14 385 M 11 052 M 11 052 M
P/E ratio 2021 22,0x
Yield 2021 4,99%
Capitalization 37 079 M 28 619 M 28 487 M
EV / Sales 2021 2,11x
EV / Sales 2022 2,11x
Nbr of Employees 28 959
Free-Float 99,2%
Chart TELSTRA CORPORATION LIMITED
Duration : Period :
Telstra Corporation Limited Technical Analysis Chart | TLS | AU000000TLS2 | MarketScreener
Technical analysis trends TELSTRA CORPORATION LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 3,56 AUD
Last Close Price 3,12 AUD
Spread / Highest target 34,6%
Spread / Average Target 14,0%
Spread / Lowest Target -3,85%
EPS Revisions
Managers and Directors
NameTitle
Andrew Richard Penn Chief Executive Officer, Executive Director & MD
John Patrick Mullen Chairman
Vicki Maree Brady Chief Financial Officer & Head-Strategy & Finance
Hakan Ericsson Chief Technology Officer
Nikos Katinakis Group Executive-Networks & Information Technology
Sector and Competitors