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

TELSTRA CORPORATION LIMITED

(TLS)
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Telstra : Australia's Telstra to sell Melbourne data centre for about $300 mln

08/04/2020 | 08:00pm EST

Aug 5 (Reuters) - Australia's largest telecom company Telstra Corp said on Wednesday it will sell its Clayton data centre facility in Melbourne to property firm Centuria Industrial REIT for A$416.7 million ($298.4 million).

The facility, to be sold by the end of August, has 10 buildings including Telstra's latest 6.1 megawatt data centre.

Chief Executive Andrew Penn said the company had now sold more than A$1.5 billion worth of assets as part of a strategy announced in 2018 to strengthen its balance sheet.

However, the telecom firm will retain ownership of all IT and telecom equipment at Clayton and be responsible for building upgrades, repairs and future capex requirements as part of a triple-net lease-back arrangement with New South Wales-based Centuria.

Shares of Centuria went into a trading halt on Wednesday as the company is expected to announce a capital raise to finance the purchase of the data centre.

The lease is for an initial 30-year period with two 10-year options for extensions, Melbourne-based Telstra said.

Telstra is set to report its full-year results on Aug. 13.

($1 = 1.3966 Australian dollars)

(Reporting by A K Pranav in Bengaluru, Editing by Sherry Jacob-Phillips)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CENTURIA INDUSTRIAL REIT -0.32% 3.11 End-of-day quote.-6.89%
TELSTRA CORPORATION LIMITED -0.32% 3.08 End-of-day quote.-12.99%
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Financials
Sales 2021 24 394 M 17 954 M 17 954 M
Net income 2021 1 646 M 1 212 M 1 212 M
Net Debt 2021 14 332 M 10 549 M 10 549 M
P/E ratio 2021 21,7x
Yield 2021 5,06%
Capitalization 36 603 M 26 638 M 26 941 M
EV / Sales 2021 2,09x
EV / Sales 2022 2,09x
Nbr of Employees 28 959
Free-Float 99,2%
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Telstra Corporation Limited Technical Analysis Chart | TLS | AU000000TLS2 | MarketScreener
Technical analysis trends TELSTRA CORPORATION LIMITED
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 3,55 AUD
Last Close Price 3,08 AUD
Spread / Highest target 36,4%
Spread / Average Target 15,3%
Spread / Lowest Target -2,60%
EPS Revisions
Managers
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
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