Chanticleer
Telstra readies keys to $32b treasure chest
When Telstra lifted the veil on the profitability of its mobile towers and fixed-line infrastructure, it opened the market's eyes to the potential for capital returns on top of its reliable 5 per cent dividend yield.
It says a lot about the value hidden in Telstra's infrastructure "treasure chest" that its mobile towers are in the books at $280 million but are probably worth about $4 billion on the open market.
It is a similar story when it comes to Telstra's fibre, ducts and pipes and exchanges. These are in the books at $9.8 billion but are probably worth about $28 billion.
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