Telstra is to sell off its majority ownership in Voda Telecommunications, a deal that would see the company’s Australian subsidiary merge with BCE.
The deal is expected to close in the first half of 2019.
Telstra has already been working to merge its Australian and US business units and is now considering other deals, according to The Australian Financial Review.
“The transaction would provide a strong competitive advantage to the combined company in both Australia and the US,” Telstra chief executive Andrew Penn said in a statement.
A Vodacom spokesperson said that the deal would create a stronger telecommunications infrastructure and would provide Vodaco customers “a new and better experience”.
“Voda will also continue to be the leading voice, video and high-speed internet provider in Australia and will be a valued partner for Telstra for many years to come,” the spokesperson said.
Earlier this year, Telstra said it was preparing to take over its majority shares in Vogel Networks, a subsidiary of Vodas Telecoms.
Vodaco currently has 5% stake in the company.
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