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.
An information memorandum, in front of potential buyers and obtained by Street Talk, pitched MTData as a high-quality business with stable earnings and growing recurring revenue streams, underpinned by strong sector tailwinds– regulatory expansion, fleet expansion and technological advancements – and a pipeline of opportunities.
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