Telstra chief executive Vicki Brady isn’t mucking around when it comes to cleaning up the $51 billion telco giant’s enterprise business.
Street Talk reported on Tuesday that PwC had been hired to sell in-vehicle fleet management and monitoring software and hardware provider, MTData.
Now, we can reveal the sale of a larger piece of Telstra Enterprise is well advanced, with at least two motivated buyers in diligence.
Sources who spoke on condition of anonymity told this column that Macquarie Capital’s technology, media and telecommunications bankers had been retained to find a buyer for Telstra’s IT services unit.
A California-headquartered Seidler Equity Partners has acquired a strategic interest in Sydney early childhood education business Young Academics, putting the sector back in focus for deal makers after a long winter.
Best and worst
A rally in energy stocks and a rebound in miners helped push the sharemarket into the green on Wednesday, offsetting sizeable losses from Macquarie Group and Aristocrat Leisure.
