AMPLITEL - (TOWERS)
01-11-21 - APPLICATION TO BE COVERED BY TELSTRA EBA
Amplitel Pty Ltd is seeking orders that, pursuant to section 319(1)(b) of the FW Act:
1. The Telstra Enterprise Agreement 2019 - 2021 (Telstra Agreement) will cover Amplitel Pty Ltd (Amplitel) and any non-transferring employees as defined in section 314(2) of the FW Act who perform, or are likely to perform, transferring work for Amplitel as defined in section 311(1) of the FW Act.
2. The Telstra Award 2015 (Telstra Award) will cover Amplitel and non-transferring employees as defined in section 314(2) of the FW Act who perform, or are likely to perform, the transferring work for Amplitel as defined in section 311(1) of the FW Act.
See more under the EBA Page
30-06-21 - TELSTRA TO SELL 49% OF TOWERS KEY EXTRACTS FROM ANNOUNCEMENT-
Telstra announced a consortium comprising the Future Fund, Cth Superannuation Corp and Sunsuper
It will become a strategic partner in Telstra InfraCo Towers after agreeing to acquire a 49% interest.
The Towers business is the largest mobile tower infrastructure provider in Aust with 8,200 towers.
The transaction values Telstra InfraCo Towers at $5.9 billion,
Telstra expects net cash proceeds of $2.8 billion and the Towers entity will have no debt.
Telstra intends to return approx 50% of net proceeds to shareholders in FY22.
Telstra would retain majority ownership of InfraCo Towers
Telstra will own active parts of its network, including the radio access equipment and spectrum assets.
Telstra has entered into a 15 year agreement (with the option to extend) with InfraCo Towers.
The agreement is to secure ongoing access to existing and new towers.
Penn: We anticipate providing further details, including a potential share buy-back in FY22, in August.
InfraCo Towers will operate under a Board, chaired by InfraCo CEO, Brendon Riley
The Board will comprise other Telstra and consortium representatives.
The CEO will be Jon Lipton, currently head of the towers business within Telstra.
2021: Telstra has advised:
InfraCo Towers would own and operate Telstra's passive or physical mobile tower assets,
which Telstra is looking to monetise given the strong demand and compelling valuations
for this type of high-quality infrastructure.
