Sector: Telecommunications

Geography: Australia wide

Challenge: Telstra needed capital release options for its specialised exchange portfolio.

Solution: Given the sheer scale of the portfolio, we conducted a pilot study, bespoke financial modelling and an assessment of market values and leaseback options. Then we helped the company develop commercial scenarios.

Result: Using its blue chip covenant, Telstra understood how to leverage its core assets and seek a significant premium over the book value of the assets.