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TMCNet:  Telstra circles Leighton's assets

[November 08, 2012]

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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