CEO Berroeta claims balance sheet boost is “strong outcome” for shareholders.
Enterprise value set at AU$ 950m.
After transaction costs and tax, TPG will bank a more modest sum of between AU$ 350m and AU$ 400m.
Transaction includes 20-year master services agreement.
Abildgaard compares new strategy with that of old parent company Deutsch Telekom.
Ambitious aim to turn Dutch operator into the country’s largest fibre service provider within five years.
CEO makes undisclosed investment in new-look company.
Group says it remains focused on “modulating exposure” to unpredictable regional markets.
Executives will consider further deal opportunities, despite appearing much more comfortable with exposure levels.
Turnaround programme launched in 2019 providing “very solid results”.
Hispam still not seen as ‘core’ territory.