Earlier this month, Telstra completed the sale of a 49% non-controlling stake in its towers business for $2.8 billion. The entity has been renamed Amplitel Pty Ltd. Telstra retains a 51% controlling stake in the business.
“While Amplitel is a new organisation, its foundations are more than 100 years old. It’s a legacy we’re immensely proud of – but we’ll also be pushing forward to create our own unique offerings, creating a more connected Australia now and for the future from the ground up."
