Telstra sells phone towers

Telstra sells phone towers
Australian telecommunications giant plans to sell portion of its mobile phone tower business.On 30 June, Andy Penn, CEO of Telstra, announced plans to sell 49 percent of Telstra’s mobile phone base station business to a consortium of superannuation funds. The three superannuation funds—Future Fund, Commonwealth Superannuation Corporation and Sunsuper—will spend $2.8 billion to acquire their share of the asset.Under the agreement, Telstra will retain the majority ownership in InfraCo Towers and continue to own its radio access equipment and spectrum. It will also have access to existing and new infrastructure for fifteen years, with an option to extend.Telstra InfraCo was established in 2018 as a specialist infrastructure business. It is the largest mobile tower infrastructure provider in Australia, with approximately 8,200 towers.As well as mobile phone towers and poles, it also owns fibre optic cables, ducts, data centres, exchanges and subsea cables.Dr Raphael Arndt, CEO of the Future Fund, said, ‘We are pleased to partner with Telstra to play an important role in strengthening Australia’s 5G infrastructure.’The deal will close in September.This may not be a lucrative financial deal for superannuation companies or their investors long-term. As scientific evidence about the health effects caused by wireless radiation accumulates, there could be legal action against companies responsible for emitting it. It is also possible that the InfraCo super funds will see investors who are opposed to mobile phone infrastructure near their homes transfer to other super funds.
Telstra media release, 30 June 2010 Telstra Infraco Project What you can doPurchase a meter for measuring wireless radiation from mobile phone towers and other wireless equipment. If there’s a mobile phone tower near you, you can block the radiation with our shielding paints, curtain fabrics, window film and bed canopies.BUT before you do that, you need to remove all internal sources of wireless radiation in your home or you could risk inadvertently increasing your exposure by shielding.Talk to us about the best way to make your home EMR-safe. Do you have questions?Did you know you can talk to a consultant for professional advice?You can book our professional phone consultation with us hereWhat else you can doIf you found the information above of interest, please forward this email to others.If you’d like more information, you can download our latest issue of EMR and Health here.If you’ve been sent this message by a friend and would like to subscribe to future updates, you can do that here.
What’s on?You can join the EMF Health Summit 2.0: Navigating EMFs, 5G, WiFi and Our Electromagnetic World. The Summit is online and FREE from July 12-18, 2021. It starts today. You can see details and register here. Warm regards

Lyn McLean
Director
EMR Australia PL
www.emraustralia.com.au
02 9576 1772
EMR AustraliaPO Box 4721, Sylvania Waters NSW 2224
Australia

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