{"id":300562,"date":"2021-10-01T10:16:42","date_gmt":"2021-10-01T10:16:42","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=329017"},"modified":"2021-10-01T10:16:42","modified_gmt":"2021-10-01T10:16:42","slug":"singtel-cashes-in-on-australian-tower-assets","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/10\/01\/singtel-cashes-in-on-australian-tower-assets\/","title":{"rendered":"Singtel cashes in on Australian tower assets"},"content":{"rendered":"

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\tSingtel agreed a deal to sell a 70 per cent stake in Australia Tower Network (ATN), raising AUD1.9 billion ($1.4 billion), which will be used to fund the Singapore-based operator\u2019s 5G rollout and other growth initiatives.<\/p>\n

In a statement, Singtel detailed a deal to sell the ATN stake to AustralianSuper, an investment fund which will take control of 2,312 mobile network towers and rooftop sites.<\/p>\n

The towers are currently used by Australian operator Optus and terms of the deal provide continued access under a long-term lease agreement with ATN.<\/p>\n

Optus will also be the anchor tenant on 565 new towers built over the next three years which form an integral part of its 5G network.<\/p>\n

Singtel explained in May it would conduct a strategic revamp [1] of its business, including a restructure of its telecoms infrastructure assets including mobile towers.<\/p>\n

In 2020 Singtel played down media reports suggesting it was preparing the sale [2] of its Australian tower assets, but it did state it at the time it regularly reviews its options to optimise assets.<\/p>\n

Singtel will use the proceeds to enhance cash flow and balance sheet flexibility, while considering the rollout of 5G and expanding its B2B digital services business in Singapore and Australia.<\/p>\n

It will retain a 30 per cent stake in ATN, but the towers will be managed by AustralianSuper, \u201cforming the largest independent tower company of scale\u201d.<\/p>\n

Completion of the deal is expected later this month, upon customary closing conditions.<\/p>\n

Data centre business
\nSeparately, Singtel announced it had teamed with Thai power and utility company Gulf Energy and Telkom Indonesia to create a regional data centre business.<\/p>\n

The trio plan to form a regional digital platform to \u201ccapture new growth opportunities\u201d in Asia.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/asia\/asia-news\/singtel-profit-falls
\n[2] https:\/\/www.mobileworldlive.com\/asia\/asia-news\/singtel-plays-down-australia-tower-sale-rumours<\/p>\n\n

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Singtel agreed a deal to sell a 70 per cent stake in Australia Tower Network …<\/p>\n

The post Singtel cashes in on Australian tower assets<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":247,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Singtel cashes in on Australian tower assets - ITTeacherITFreelance.hk","description":"Singtel agreed a deal to sell a 70 per cent stake in Australia Tower Network ... The post Singtel cashes in on Australian tower assets appeared first on Mobile"},"footnotes":""},"categories":[11,8,21],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/300562"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/247"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=300562"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/300562\/revisions"}],"predecessor-version":[{"id":300563,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/300562\/revisions\/300563"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=300562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=300562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=300562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}