Log in
E-mail
Password
Show 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
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Telstra Corporation Limited
  6. News
  7. Summary
    TLS   AU000000TLS2

TELSTRA CORPORATION LIMITED

(TLS)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 11/26
4.05 AUD   -0.74%
11/25TELSTRA : Update - Notification of buy-back - TLS
PU
11/23TELSTRA : Update - Notification of buy-back - TLS
PU
11/21TELSTRA : Update - Notification of buy-back - TLS
PU
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Telstra : and Australian govt finalising bid for Digicel's Pacific assets -sources

10/14/2021 | 03:09am EST
FILE PHOTO: Digicel Chairman Denis O'Brien attends an interview with Reuters at the company's headquarters in Port-au-Prince

CANBERRA/SYDNEY (Reuters) - Telstra Corp Ltd is close to completing a deal to buy the Pacific operations of telecommunications firm Digicel Group in partnership with the Australian government, two sources familiar with the bid told Reuters on Thursday.

Telstra said in July it was in talks to buy the Pacific business in a deal that would see Australia contribute the bulk of the funding - a plan widely viewed as a political move to block China's influence in the region.

"It is fairly imminent. I can't put a timetable on it but the deal is almost done," said an Australian government source. The sources declined to be named as they are not authorised to talk about the deal.

Digicel, founded by Irish billionaire Denis O'Brien, is the largest mobile phone carrier in the Pacific with operations in Papua New Guinea, Fiji, Samoa, Vanuatu and Tahiti - the most lucrative being those in Papua New Guinea.

Australian broadcaster Nine Entertainment has previously reported that Telstra will spend between A$200 million and A$300 million of its money and the government will contribute A$1.5 billion ($1.1 billion).

A Telstra spokesperson declined to comment. Telstra's CEO Andrew Penn last month told investors that any outlay from the company would likely be limited to the "low hundreds of millions".

Digicel last year denied an Australian newspaper report it was considering a sale of its Pacific business to state-owned China Mobile Ltd.

A sale to a Chinese company would be a cause of concern for the Australian government amid strategic competition between U.S. allies and China in the Pacific region.

Australia has ramped up its presence in the Pacific through the creation of a A$2 billion ($1.5 billion) infrastructure financing facility and via its membership of the Quad group - which includes the United States, India and Japan - to counter China's expanding interests in the Indo-Pacific.

($1 = 1.3545 Australian dollars)

($1 = 1.3528 Australian dollars)

(Reporting by Colin Packham and Paulina Duran; Editing by Edwina Gibbs)

By Colin Packham and Paulina Duran


ę Reuters 2021
All news about TELSTRA CORPORATION LIMITED
11/25TELSTRA : Update - Notification of buy-back - TLS
PU
11/23TELSTRA : Update - Notification of buy-back - TLS
PU
11/21TELSTRA : Update - Notification of buy-back - TLS
PU
11/19Deutsche Bank's Depositary Receipts Virtual Investor Conference presentations now avail..
AQ
11/19TELSTRA : Wholesale launches new network configuration Unified Access
PU
11/17TELSTRA : Update - Notification of buy-back - TLS
PU
11/17TELSTRA : Investor Day II - transcript
PU
11/15TELSTRA : and Quantium to form new data and AI joint venture
PU
11/14TELSTRA : Update - Notification of buy-back - TLS
PU
11/12Ping An Mulls Selling 44% Stake in Online Car Dealer Autohome For Over $2 Billion
MT
More news
Analyst Recommendations on TELSTRA CORPORATION LIMITED
More recommendations
Financials
Sales 2022 22 355 M 15 924 M 15 924 M
Net income 2022 1 712 M 1 219 M 1 219 M
Net Debt 2022 11 634 M 8 287 M 8 287 M
P/E ratio 2022 27,9x
Yield 2022 3,95%
Capitalization 47 834 M 34 048 M 34 072 M
EV / Sales 2022 2,66x
EV / Sales 2023 2,58x
Nbr of Employees 27 015
Free-Float 99,4%
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
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 4,05 AUD
Average target price 4,32 AUD
Spread / Average Target 6,78%
EPS Revisions
Managers and Directors
Andrew Richard Penn Chief Executive Officer, MD & Executive Director
Vicki Maree Brady CFO, Group Executive-Strategy & Finance
John Patrick Mullen Chairman
Nikos Katinakis Group Executive-Networks & Information Technology
Kim Krogh Andersen Group Executive-Product & Technology
Sector and Competitors