HTA shareholders - no new shares?, page-70

It is a safe boring investment.
Hutchinson is the lender to itself almost (vha) and the merger is 50/25/25 voda/tpm/hta? After the merger the debt is being paid for from dividends. So it sort of disappears as the divideds need to be fairly decent. Currently hta is probably a yearly writeoff for Hutchinson... so they are just changing the way it looks. The debt is small compared to Telstra; however, combined they can operate more like Telstra.

Next time inflation starts doubling the debt will look insignificant. If the economy stagnates then it treads water.