Singtel to form regional data centre platform with partners in South-east Asia
Telco will sell 70% stake in Australian tower assets for estimated net gain of S$400m; deal is worth A$1.9b
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SINGTEL looks set to take advantage of the growing demand for data centre capacity in South-east Asia as it leverages its local experience in the field to grow its data-centre platform abroad.
On Friday, the telco announced a conditional agreement to sell a 70 per cent stake in Australia Tower Network (ATN), which operates telecommunications towers for Singtel's Australian telco subsidiary Optus, for A$1.9 billion (S$1.88 billion) in cash.
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