Telstra (TLS:NZX / TLS:ASX)
Shares in Tesltra jumped yesterday after the company announced a major restructure that would split its business into three separate legal entities.
It comes amid speculation the telco is preparing for a bid to take over the National Broadband Network, and pre-empting any concerns that will be raised by the Australian Competition and Consumer Commission (ACCC).
The company plans to split itself into these divisions by December 2021:
InfraCo Fixed: which will look after fixed line assets like ducts, fibre, data centres, subsea cables and exchanges,
InfraCo Towers: mobile towers, which it plans to “monetise over time”,
ServeCo: the radio access network and spectrum assets.