SINGAPORE (May 11): NetLink Trust, the fibre broadband network provider backed by Singapore’s biggest phone company, started briefing analysts this week ahead of an initial public offering that could raise at least $2 billion, people with knowledge of the matter said.
The arm of Singapore Telecommunications began meeting research analysts to explain its business model, which will later be followed by meetings with potential investors, according to the people. NetLink Trust, which announced Monday the government has cut most of its prices, has been discussing a potential annual dividend yield of about 4% to 5%, the people said, asking not to be identified because the information is private.
Terms of the offering haven’t been set yet, and details such as the potential yield and deal size could change, the people said. NetLink Trust is targeting to complete the IPO by July, the people said.
