Telstra (ASX:TLS) share price on watch after major update // Motley Fool Australia

The Telstra Corporation Ltd (ASX: TLS) share price will be in focus today after the release of a major announcement by the telco giant.

What did Telstra announce?

This morning Telstra announced an important milestone in its T22 strategy with the proposed restructuring of the company to create three separate legal entities.

Telstra’s CEO, Andrew Penn, believes the restructure would enable the company to take advantage of potential monetisation opportunities for its infrastructure assets which could create additional value for shareholders.

He commented: “The proposed restructure is one of the most significant in Telstra’s history and the largest corporate change since privatisation. It will unlock value in the company, improve…