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.