MENU

Telstra Corporation Ltd (ASX:TLS) shares up on HarbourVest merger

Shares in embattled telco Telstra Corporation Ltd (ASX: TLS) are up 1.7% to $2.67 today after The Financial Review yesterday reported Telstra committed another US$125 million in the merger of its venture business with private equity player HarbourVest Partners.

The injection will create a new fund valued at $675 million with HarbourVest paying around US$62.5 million for a 25% stake in the existing business, according to the article.

Telstra shares have been trending down for a long time, but truly hit the skids in the last fortnight – dropping to a multi-year low of $2.61 after investor confidence dropped on the announcement of its 2022 strategy.

All eyes are on full-service telco TPG Telecom Ltd (ASX: TPM) whose emergence in the space has placed pressure on Telstra to ramp up its investment in technology and keep pace with competitors – something the HarbourVest deal should help them to do.

Peer Vocus Group Ltd’s (ASX: VOC) share price is up 1.7% to $2.34 today off the back of news the company has increased its debt facility to provide “financial headroom and flexibility” to pursue strategic direction.

A lot of Telstra shareholders have stuck it out with the stock for its dividend history.

OUR #1 dividend pick to grow your wealth over the new financial year is revealed for FREE here!

Financial year 2018 is here and The Motley Fool’s dividend detective Andrew Page has revealed his must buy dividend share to grow your wealth in 2018.

You might not know this market leader's name, but it's rapidly expanding into a highly profitable niche market here in Australia. Even better, the shares boast a strong, fully franked dividend that should balloon in the years to come. In other words, we're looking at the holy grail of incredible long-term growth potential AND income you can watch accruing in your account in real time!

Simply click here to grab your FREE copy of this up-to-the-minute research report on our #1 dividend share recommendation now.

Motley Fool contributor Carin Pickworth owns shares of Telstra Limited. The Motley Fool Australia owns shares of and has recommended Telstra Limited, TPG Telecom Limited, and Vocus Communications Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!