IDA approves OpenNet sale with strings attached

SingTel must cut NetLink Trust stake to below 25%

Fri, Nov 22, 2013 - 6:00 AM

[SINGAPORE] The $126 million buyout of OpenNet by SingTel-owned NetLink Trust has been given the nod by the Infocomm Development Authority (IDA). The regulator also gave SingTel until April 2018 - an extension from the April 2014 deadline - to sell down its stake in the trust.

IDA's...