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Telstra readies data centres sale; Goldman Sachs on cloud nine

Dec 07, 2018 - Australian Financial Review

Telstra's $2 billion asset sales program is set for launch.

Street Talk can reveal that the Telco giant has engaged Goldman Sachs to explore divesting its data centres in Singapore, Hong Kong, Britain and in Sydney's CBD.

The centres have a book value of around $400 million and Telstra and its bankers are expected to seek bids above that amount given heat in the data centres sector.

It's all part of Telstra boss Andy Penn's "self help" plans to try to make the carrier a more ef...