ST Telemedia is well placed to snap up telco network assets that are up for sale
KEPPEL-OWNED M1 is the latest of the local telcos to move towards the monetisation of its infrastructure.
Last week, it signed a half-a-billion-dollar deal with Keppel DC Reit (KDC) to offload assets.
And, as this trend picks up, ST Telemedia will be a player to watch.
The telecoms and technology investor, wholly owned by state-owned Temasek Holdings, is a natural buyer for any network assets that Singtel and StarHub bring to the market.
Capital recycling
KDC and M1 have signed a deal creating a new entity to hold M1's mobile, fixed and fibre assets, except for co-owned assets such as 5G infrastructure jointly built with StarHub.
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The new entity, M1 Network, will buy the assets at a book value of S$580 million, and has also come t…
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