This appeared last week.Telstra could sell health unitThe Australian12:00AM September 1, 2017Bridget CarterScott MurdochTelstra is expected to start considering the future of its struggling health business as it looks to cover its $3 billion revenue black hole and the forgone benefits of its NBN earnings securitisation plan.NBN Co’s decision to stop Telstra fast-forwarding the delivery on its NBN payments means the telco will forgo about $5.5bn.The revenue was not officially accounted but was a major part of its future plans and the telco was keen to lock in the payments. Under the existing plan, Telstra will still receive the annual payments of $1bn for the next 30 years.The move by NBN to say no means that Telstra’s future buyback programs will be put on hold, along with debt-reduction plans, in yet another decision that is likely to displease Telstra’s already weary investors.The dividend payout ratio was reduced this year to preserve capital and naturally investors are now...
This is the initial part of the post - read more by clicking on the title of the article. David.
from Australian Health Information Technology http://ift.tt/2w4OMhT
- TECHNOLOGY AND HEALTH
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