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Telstra circles Leighton's assets
Nov 08, 2012 (The Australian Financial Review - ABIX via COMTEX) --
Conglomerate Leighton Holdings is divesting its non-core telco infrastructure assets worth $A1bn, including the NextGen fibre optic cabling network business. Macquarie Capital has been retained to manage the sale. Although objections are likely by the Australian Competition & Consumer Commission, major telco Telstra has voiced an interest in acquiring some of the operations. Its most obvious targets are the Infoplex and Metronode divisions that could fetch as much as $A120m. The frontrunner to buy NextGen is TPG Telecom, while Vodafone Hutchison Australia has ruled itself out as a bidder.
Publication Date: 9 November 2012
LEIGHTON HOLDINGS LIMITED - ASX LEI
TELSTRA CORPORATION LIMITED - ASX TLS
TPG TELECOM LIMITED - ASX TPM
NEXTGEN NETWORKS PTY LTD
INFOPLEX PTY LTD
METRONODE PTY LTD
MACQUARIE CAPITAL PTY LTD
SINGAPORE TELECOMMUNICATIONS LIMITED - ASX SGT
SINGTEL OPTUS PTY LTD
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION
CITIGROUP PTY LTD
VODAFONE HUTCHISON AUSTRALIA PTY LTD
IINET LIMITED - ASX IIN
CREDIT SUISSE (AUSTRALIA) LIMITED
M2 TELECOMMUNICATIONS GROUP LIMITED - ASX MTU
NBN CO LIMITED
PIPE NETWORKS LIMITED
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