SUBSCRIBERS

Singtel eyes divestment of A$2b Australia tower portfolio: report

Sale will free up cash for dividends, capex and pare debts, say analysts

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.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes