Tag: Telstra

WEBWIRE – Wednesday, October 5, 2022 Telstra is a step closer to its goal of enabling 100 per cent renewable energy generation thanks to a new 350GWh p.a. power purchase agreement with Ark Energy Corporation Pty Ltd (Ark Energy). The agreement will secure Telstra a portion of Ark Energy’s output from the MacIntyre Wind Farm in southeast Queensland – set to be one of the world’s largest onshore wind farms. Kim Krogh Andersen, Telstra Group Executive – Product & Technology, said the agreement built on previous significant investments Telstra has made in solar parks, ... Read more

Telstra announced it had completed the sale of a 49 per cent non-controlling stake in its towers business for $2.8 billion. Announced on 30 June 2021 with a consortium comprising the Future Fund, Commonwealth Superannuation Corporation and Sunsuper, and managed by Morrison & Co, the transaction valued Telstra InfraCo Towers at $5.9 billion, representing an FY21 pro forma EV to EBITDA after leasing multiple of 28x.  Telstra CEO Andrew Penn said realising more value from Telstra’s infrastructure assets was one of the fundamental pillars of Telstra’s T22 strategy, and this transaction was another marker of progress against that strategy. “This ... Read more