Leighton considers telco infrastructure asset sale

Company News


 
Leighton Holdings Limited (ASX:LEI) has revealed it is exploring the sale of its telecommunications infrastructure assets and has received a number of unsolicited inquires.  
 
The construction company is considering selling Nextgen Networks, Metronode and Infoplex following a strategic review which identified the assets as non-core.
 
Leighton says it remains committed to the telecommunications sector through its subsidiary brands Visionstream, Silcar and John Holland Communications. 
 
However, a divestment of the non-core assets would allow Leighton to provide those services to the telecommunications sector without owning infrastructure. 
 
Leighton Holdings generated a net profit of $106 million in the first half of its 2012 financial year.

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?