Why the Telstra (ASX:TLS) share price can go even higher from here // Motley Fool Australia

The Telstra Corporation Ltd (ASX: TLS) share price ran out of steam on Tuesday and dropped lower.

The telco giant’s shares dropped 1.5% to $3.12.

Despite this, the Telstra share price is still up 16% since the start of the month.

Why is the Telstra share price surging higher in November?

Investors have been fighting to get hold of Telstra’s shares this month following the release of a big announcement at its investor day event.

At the event, the company announced a proposed restructuring which would create three separate legal entities.

Telstra’s CEO, Andrew Penn, believes the restructure will allow the company to take advantage of potential monetisation opportunities for its infrastructure assets which could create…