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Singtel eyes divestment of A$2b Australia tower portfolio: report
Sale will free up cash for dividends, capex and pare debts, say analysts
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Fiona Lam
Published Fri, Apr 3, 2020 · 09:50 PM
Singapore
SINGTEL is said to be looking to sell its telecommunications towers in Australia worth more than A$2 billion (S$1.73 billion) in total.
The Australian Financial Review (AFR) reported this week that Singapore's largest telco has mandated Bank of America for the potential deal, and the auction is set to take place in the first half of this year barring disruptions from the Covid-19 situation.
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