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Singtel divests Australian tower network for S$1.86 billion | Video

02:13 Min

Singtel has sold a 70 per cent stake in its Australian tower network to pension fund AustralianSuper for about S$1.86 billion. The telco said the proceeds will be used to fund its 5G rollout and to build data centres in Southeast Asia, among other initiatives. Brandon Tanoto reports.

Singtel has sold a 70 per cent stake in its Australian tower network to pension fund AustralianSuper for about S$1.86 billion. The telco said the proceeds will be used to fund its 5G rollout and to build data centres in Southeast Asia, among other initiatives. Brandon Tanoto reports.

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