Good news from SPK, this morning.
They’ve gotten their teleco tower assets away from an even higher multiple than TPG (whom we were more than pleased with) in turn even higher than TLS (who we don’t own, but assume were pleased too).
Doubly pleasing is the price paid given that bond yields have trebled, off their lows.
SPK is a good quality company trading at a reasonable price, with defensive teleco revenue streams, now having monetised a valuable asset at a (more than) commensurate price.
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