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TLS - Telstra News Story

NZD3.73 -0.1  -1.3%

Last Trade - 07/05/21

Sector
Telecoms
Size
Large Cap
Market Cap £23.11bn
Enterprise Value £33.11bn
Revenue £12.62bn
Position in Universe 15th / 1907

BUZZ-Australia's Telstra on track for biggest gain in 7 months on plan to split into three

Wed 11th November, 2020 11:51pm
** Telstra Corp  TLS.AX  rises as much as 6.7% to A$3.190,
eyeing its best session since March 30
    ** Australia's biggest telecom firm says it has decided to
split into three, citing heightened demand for infrastructure
assets due to the disruptions caused by the coronavirus crisis
 urn:newsml:reuters.com:*:nL4N2HX4B7
    ** The three new units will be infrastructure assets, mobile
tower assets, and radio access network and spectrum assets, and
the break-up is expected to be completed by December next year
    ** Stock hits its highest since Aug. 13; set for sixth
straight session of gains
    ** Stock among biggest percentage gainers on the benchmark
S&P/AS200 index  .AXJO 
    ** Stock down 14% this year, as of last close, compared with
a 3.5% decline in the ASX200 index 

 (Reporting by Rashmi Ashok in Bengaluru)
 ((Rashmi.Ashok@thomsonreuters.com; +918061822604;))
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