Fund manager and Telstra shareholder John Wylie is urging the telco giant to package up cash payments it receives from NBN Co and sell them off to investors, claiming some financial engineering could add 80¢ to the company’s stock price.
In an opinion piece published today in The Australian Financial Review, the former Lazard banker – who now runs his own firm, Tanarra Capital – said Telstra should resurrect former chief executive Andy Penn’s plan for securitising income received from NBN Co.
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