AUSTRALIA

Alinta banks Uecomm sales cheque

Friday was payday for Alinta as it settled the sale of its 65% stake in Uecomm to Optus. It announced it had settled the deal and banked the proceeds.

Alinta banks Uecomm sales cheque

Alinta received around $155 million for its 335 million shares and the rights and obligations under a loan facility from Alinta to Uecomm.

Alinta had previously advised that 7 July was the unconditional transaction date.

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