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This scenario reflects the impact on Tek group on the 100% Disposal of the Net business. Net business has at its main business the lease
This scenario reflects the impact on Tek group on the 100% Disposal of the Net business. Net business has at its main business the lease of Towers, that are leased to other Business Units within the Tek Group, specifically Onserve and Consumer business. Net charges rental income on the lease of towers, the transacting business units accounts for the lease as IFRS 16, which is accounted through depreciation and finance charges below the EBITDA line. The disposal is effective 31 March 2026. All the proceeds from the disposal will be utilised to reduce interest-bearing debt. Tax on disposal is as estimated by Tax division. The effective rate of the relevant year is applied to all adjusting entries. The current Business Plan is adjusted with the derecognition of Net at a contribution basis as well as the reversal of intercompany. The gain on disposal is calculated using the net asset value of Net as at 31 March 2026. Please write in professional english
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