AI assistant
TELSTRA GROUP LIMITED — Capital/Financing Update 2021
Jul 18, 2021
65927_rns_2021-07-18_564a8b5a-82fe-48b1-b3d9-77726e7af039.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [45 x 51] intentionally omitted <==
19 July 2021
The Manager
Market Announcements Office Australian Securities Exchange 4[th] Floor, 20 Bridge Street SYDNEY NSW 2000
Office of the Company Secretary
Level 41 242 Exhibition Street MELBOURNE VIC 3000 AUSTRALIA
General Enquiries 03 8647 4838 Facsimile 03 9650 0989 [email protected]
Investor Relations Tel: 1800 880 679 [email protected]
ELECTRONIC LODGEMENT
Dear Sir or Madam
Media speculation on Digicel Pacific
In accordance with the Listing Rules, I attach a market release for release to the market.
Authorised for lodgement by:
==> picture [123 x 39] intentionally omitted <==
Sue Laver
Company Secretary
Telstra Corporation Limited ACN 051 775 556 ABN 33 051 775 556
MARKET RELEASE
==> picture [104 x 42] intentionally omitted <==
Media speculation on Digicel Pacific
- Monday 19 July 2021 In response to a story in The Age/Sydney Morning Herald (17 July 2021) Telstra has confirmed it has been in discussions regarding a potential transaction to acquire telecommunications company, Digicel Pacific in the South Pacific region in partnership with the Australian Government.
The discussions are incomplete and there is no certainty that a transaction will proceed.
Telstra was initially approached by the Australian Government to provide technical advice in relation to Digicel Pacific which is a commercially attractive asset and critical to telecommunications in the region. If Telstra were to proceed with a transaction it would be with financial and strategic risk management support from the Government.
In addition to a significant Government funding and support package any investment would also have to be within certain financial parameters with Telstra’s equity investment being the minor portion of the overall transaction.
Digicel Pacific was founded in 2006 by Denis O’Brien, an Irish entrepreneur, and is a leading provider of communications services across Papua New Guinea, Fiji, Nauru, Samoa, Tonga and Vanuatu.
Digicel Pacific enjoys a strong market position in the South Pacific region generating EBITDA of $US235 million in calendar 2020 with a strong margin, as well as extensive network coverage.
Telstra will keep the market updated as appropriate.
Media contact: Nicole McKechnie M: +61 (0) 429 004 617 E: [email protected]
Investor contact: Nathan Burley M: +61 (0) 457 529 334 E: [email protected]
Reference number: 75/2021