FILE PHOTO: A woman using a mobile phone walks behind a Singtel signage at their head office in Singapore February 11, 2016. REUTERS/Edgar Su
October 1, 2021
(Reuters) – Singapore Telecommunications Ltd (Singtel) said on Friday it divested a 70% stake in its Australian network of towers to superannuation fund AustralianSuper for A$1.9 billion ($1.37 billion).
The deal includes sale of 2,312 mobile network towers and rooftop sites, and values Australia Tower Network at an enterprise value of A$2.3 billion, Singtel said in a statement.
($1 = 1.3827 Australian dollars)
(Reporting by Sameer Manekar in Bengaluru; Editing by Sherry Jacob-Phillips)
Source: One America News Network
