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Telstra Could Be Set To Bulk Sell All Data Centre Sites

over 1 year ago by Lucy Cinder

Telstra Could Be Set To Bulk Sell All Data Centre Sites

Data Centre

It has been reported that telco company Telstra and its bankers Goldman Sachs are currently in continual talks with potential buyers of the company’s entire set of data centre facilities.

Final round bids were received last month, and the company are allegedly trying to sell its data centre facilities, and not split them up by geography, according to reports by The Australian Financial Review.

People who have knowledge on the matter revealed that the auction was at the stage where the finish line is in sight.

Telstra today announced former Group Executive, Consumer and Small Business, Vicki Brady would take over the role of Chief Financial Officer and Head of Strategy.

The company’s data centre facilities includes sites in Hong Kong (Tseung Kwan O Data Centre), UK (London Hosting Centre Data Centre and Woking Hosting Data Centre), Australia (Liverpool street in Sydney Data Centre) and Singapore (Paya Lebar Data Centre), according to the report. 

A Telstra spokesperson told, “We are constantly reviewing our portfolio as part of our T22 strategy to monetise assets of up to $2bn over the next two years. We don’t comment on market speculation regarding specific assets.”

This comes just a month after the company announced its former Group Executive, Vicki Brady would take over the role of Chief Financial Officer and Head of Strategy.

Brady is due to resume her new CFO role on 1 July, and interim Group Executive, Michael Ackland would be permanently appointed to that role.

“I am very pleased to have Vicki in the CFO role. She is an experienced executive leader, with strong achievements in telecommunications, alongside a sound financial background,” said Andy Penn, CEO of Telstra.

“She has a Bachelor of Commerce from the Australia National University, a Masters from Stanford University Graduate School of Business and is a member of the Institute of Chartered Accountants ANZ.

“It is a testament to the strength of our internal talent that we were able to appoint Vicki as CFO and Head of Strategy, and have Michael continuing permanently as Group Executive, Consumer and Small Business, a role he has being acting in since September last year.”

Last year, the company released a major strategic plan to restructure the company, which reportedly resulted in 8,000 job losses.

source dataeconomy

Industry: Data Centre News

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