Australian mining and construction contractor Leighton Holdings has launched a strategic review of its telecoms infrastructure assets Nextgen Networks, Metronode, and Infoplex.
The decision is part of the company’s broader strategy to re-assess its…
Australian mining and construction contractor Leighton Holdings has launched a strategic review of its telecoms infrastructure assets Nextgen Networks, Metronode, and Infoplex.
The decision is part of the company’s broader strategy to re-assess its non-core assets.
Leighton, which is being advised by Macquarie, said it has received a number of unsolicited approaches for the telecoms units.
“However, we will not sell these assets unless there is a compelling value creating proposition for our shareholders,” CEO Hamish Tyrwhitt said.
Analysts have valued Nextgen at between A$500m and A$880m (US$520m to US$915m).
Nextgen is an infrastructure provider that owns a 19,000km long-haul fibre network in Australia, and also operates data centres and other telecoms assets. Metronote is a data centre specialist, while Infoplex is a cloud computing solutions provider.
