Singtel – BT
SingTel to inject S$1.89 bln assets into business trust
SINGAPORE – Singapore Telecommunications said it will to inject S$1.89 billion (US$1.56 billion) worth of infrastructure assets to the trustee-manager of NetLink Trust, a business trust owned by the firm.
SingTel is the sole unitholder of NetLink Trust, whose trustee-manager is CityNet Infrastructure Management. CityNet is a wholly-owned subsidiary of CitySpring Infrastructure Trust.
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