Singtel's ATN to acquire Australia telco infrastructure provider Axicom for A$3.6 billion
ATN shareholders, Singtel and AustralianSuper, say strong synergies would provide exceptional growth opportunities
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Singapore
SINGTEL unit Australia Tower Network (ATN) has proposed to acquire Axicom, a provider of telecommunications tower infrastructure in Australia, for A$3.6 billion (S$3.7 billion).
ATN's shareholders, Singtel and AustralianSuper, on Friday (Apr 1) said the strong synergies between Axicom and ATN would provide exceptional growth opportunities which will benefit customers, employees and the community in the long term.
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