Singapore-listed Frasers Property is gearing up to sell its Australian embedded networks business Real Utilities, which has ticked over 15,000 connections across 27 sites.
Street Talk understands the multinational real estate and property management group, has mandated South Australian boutique corporate advisor, Chapman Capital Partners, to launch a sale process for the energy retailer.
Real Utilities was founded in 2017 and is projected to hit $19 million recurring revenue from live and pipeline sites by the 2030 financial year, according to a sales flyer seen by Street Talk.
Read the full story tomorrow and more on the Street Talk page.
Telstra has put its in-vehicle fleet management and monitoring software and hardware provider, MTData, up for sale and hired PwC Corporate Finance to find a buyer.
The $52 billion telco is seeking to divest the division, which is forecast to deliver $11.2 million in earnings next financial year, in its entirety.
Best and worst
The sharemarket climbed to an 11-week high on Tuesday, tracking a relief rally on Wall Street that was spurred by China and America pulling back from a months-long trade war.
