Telstra is Australia’s largest wireless carrier, with a ~50% market share for mobile services. Additionally, the company is the largest fixed broadband provider in Australia, with a ~67% market share. Indeed, in broadband Telstra is ahead of Optus, TPG, and Vocus.
Telstra is in the process of monetizing its InfraCo Towers division, which comprises 5.6k towers across Australia, exceeding A$4.0bn in valuation. Specifically, the company plans to commence the process for external strategic investment into InfraCo Towers around July 2021. Binding offers will be due before the end of 2021.