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BRIEF-Telstra Corp updates on outcomes of capital allocation review

Published 17/08/2017, 08:50 am
BRIEF-Telstra Corp updates on outcomes of capital allocation review
TLS
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Aug 17 (Reuters) - Telstra Corporation Ltd TLS.AX :

* Outcomes of capital allocation review include a potential monetisation of a portion of locked-in recurring NBN receipts

* Recurring receipts for access to Telstra's infrastructure were expected to grow to just under $1 billion annually by end of NBN migration period

* "If we were to proceed with these plans, it would involve approximately 40 percent of total receipts that are expected"

* "Scale of proposed transaction is approximately $5 5.5 billion with Telstra to retain some equity interest"

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