Reported 25 days ago
Australia's TPG Telecom intends to utilize A$4.7 billion ($3.04 billion) from the sale of its fiber and fixed network assets to reduce debt and enhance share liquidity. The company aims to distribute up to A$3 billion to shareholders while also providing minority shareholders a chance to reinvest A$688 million, increasing the firm's free float. TPG forecasts operating earnings between A$1.61 billion and A$1.66 billion for fiscal year 2025 and plans to reduce bank borrowings by A$2.4 billion.
Source: YAHOO