On 6 February 2024, NetLink NBN Trust (“NLNT”) announced their 2024 third quarter business update. There are no substantial changes to NLNT this quarter, and their share price continues to trade within the expected range. There is unlikely to be any significant changes next quarter as well, given the updated pricing will only come into effect from 1 April 2024 onwards. The dividend payout in June 2024 should be similar to the previous payouts.
Photo source: https://fifthperson.com/2019-netlink-trust-agm/
Background
NLNT was established in 2017 primarily for the purpose of owning all of the units of NetLink Trust (“NLT”), through which NLNT owns the only nationwide fibre network supporting Singapore’s Next Generation Nationwide Broadband Network (“Next Gen NBN”).
NLNT designs, builds, owns and operates the passive fibre network infrastructure of Singapore’s Next Gen NBN. An initiative
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