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Singtel dividends to see support from Telkomsel's 10.3t rupiah tower sale: DBS

RHB views monetisation of such non-core assets positively, says it will unlock shareholder value

Fiona Lam

Published Mon, Oct 19, 2020 · 09:50 PM

Singapore

CASH receipts from the 10.3 trillion rupiah (S$950 million) sale of 6,050 telecommunication towers by Singapore Telecommunications' (Singtel) Indonesian joint venture company will likely support the Singapore telco's dividends, according to DBS Group Research.

RHB also said in a note on Monday that it views the monetisation of such non-core assets positively.