Singtel has filed a preliminary prospectus to list one of its associates, Netlink NBN Trust to list on the Singapore Exchange. They were given a deadline by the IMDA to spin off their infrastructure division but still held 24.99% unitholding of the Trust after the offering.
There is a book-building process which will determine the offering price between the range of $0.80 (minimum) to $0.93 (maximum).
This will be huge because we are talking about a potential market cap size of between $3,091.2m (based on minimum offering price) to $3,593.5m (based on maximum offering price).
The Trust Group’s nationwide network is the foundation of the Next Gen NBN, over which ultra-high-speed internet access is delivered throughout the island of Singapore.MPA believes that ultra-high-speed fibre broadband has become a necessity and is the foundation of the pyramid to the many services moving into …