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Singtel divests Australian tower assets to AustralianSuper for A$1.9 billion

Project Sale Telecommunications Towers announced Australia Jan 18, 2024
USD1900M
Deal Value

Singtel has agreed to sell 70% of its Australian tower assets to AustralianSuper for A$1.9 billion. The deal includes 2,312 towers and rooftop sites.

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Counterparts (2)

Buyer
AustralianSuper
company
AustralianSuper is one of Australia's largest superannuation funds, with a significant and growing focus on infrastructure investments globally. They seek long-term, stable returns through investments in high-quality infrastructure assets.
Seller
Singtel
company · 1 deals
Singtel is a communications technology company providing a range of services, including mobile, fibre broadband, and TV services. They focus on connectivity and digital solutions.

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Timeline

Announced
Jan 18, 2024
Signed
Closed

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Source

www.infrastructureinvestor.com
View Full Deal Details

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