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Telstra Announces On-Market Share Buy-Back of Up to $1.35bn

12 Aug 2021  |  08:28:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Telstra announces on-market share buy-back of up to $1.35b

Telstra announced that it would return 50%, or up to $1.35bn, of net proceeds from its InfraCo Towers transaction to shareholders during FY 2022 via an on-market share buy-back. It announced a long-term strategic partnership with a consortium comprising the Future Fund, Commonwealth Superannuation and Sunsuper, who would acquire a 49% interest in Telstra InfraCo Towers.

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