LEI 1.67% $20.71 leighton holdings limited

News: Leighton considers telco infrastructure ass

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    Leighton Holdings Limited (ASX:LEI) has revealed it is exploring the sale of its telecommunications infrastructure assets and has received a number of unsolicited inquires.  


     


    The construction company is considering selling Nextgen Networks, Metronode and Infoplex following a strategic review which identified the assets as non-core.


     


    Leighton says it remains committed to the telecommunications sector through its subsidiary brands Visionstream, Silcar and John Holland Communications. 


     


    However, a divestment of the non-core assets would allow Leighton to provide those services to the telecommunications sector without owning infrastructure. 


     


    Leighton Holdings generated a net profit of $106 million in the first half of its 2012 financial year.

 
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Currently unlisted public company.

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