Too true but given they have just started investigating selling them it's probably a bit early to speculate.
Printable View
Here we go. We can't even look after our own cell phone towers.
https://www.nzx.com/announcements/395197
Be interesting see how the cash is div'ied up.
"Spark intends to release an updated capital management policy at its full year results on August 24. When assessing the most appropriate use of proceeds Spark will consider three key pillars – maximizing returns to shareholders, investment in future growth, and maintaining financial flexibility through an appropriate investment grade debt rating. The capital management policy will provide clarity on the proportion of proceeds allocated to each of these areas and the most effective means of returning proceeds to shareholders.”"
When I read 'Ontario Teachers Pension Plan' were buyers, a light went on in my memory from long ago - I know that name! And sure enough, that same outfit was involved in a certain 'Yellow Pages Buyout' back in 2007
https://www.nzherald.co.nz/business/...ZFHMKHZZSQDFA/
That little foray did not end well for the Ontario teachers: $2.24billion extinguished!
https://www.nzherald.co.nz/business/...GEQKVS75EHX5U/
With a name like 'Ontario Teachers Pension Plan' you would think they might learn. Is buying a 70% share in a company where Spark retains operational control a good deal? From a Spark shareholder point of view it sounds like it. Are the Ontario Teachers setting themselves up for another spanking?
Craic (now there is a name from the past) might finally be able to put away his axe and order that automated wood splitter.
SNOOPY
Well that's a big ole price OTPP paid: 33.8x prospective proforma EBITDA. According to the AFR the purchase price stacks up well against other telco tower sales.
Craic (now there is a name from the past) might finally be able to put away his axe and order that automated wood splitter.
SNOOPY[/QUOTE]
Always loved his trading of SPK.100% success record.
But what was more exciting were his "chain saw" and " whiskey still" stories.