NetLink Trust

Singapore telco sector’s likely return to 3-player oligopoly viewed as ‘favourable’
SINGAPORE (March 27): UOB Kay Hian is reiterating its “buy” call on Singtel with a target price of $4.53, while keeping its “overweight” view on telecommunications sector after assessing the impact of increased  competition with the entry of the fourth mobile operator, TPG Telecom.   In a Monday report, analyst Jonathan Koh says although TPG will bring about an increase in ...
Why UOB likes this ‘rock solid’ telco
SINGAPORE (Feb 10): UOB Kay Hian is keeping its “buy” recommendation on Singapore Telecommunications (Singtel) with a target price of $4.53 following a “rock solid” performance in 3Q. Singtel saw earnings increase to $972.8 million in 3Q, an increase of 2.0% from $953.5 million a year ago. Underlying net profit grew 4.2% to $994 million in the quarter ended Dec 31, 2016 (See Singtel ...
Singtel hires three banks for share sale of fibre broadband unit
SINGAPORE (Feb 9): Singapore Telecommunications, the city-state’s largest phone company, said it has hired three banks as it prepares for an initial public offering to divest more than 75% of its wholly-owned fibre broadband network unit NetLink Trust. Morgan Stanley, UBS Group AG and DBS Group Holdings are the advisers on the share sale, Singtel Chief Executive Officer Chua Sock Koong said ...
Singtel hires three banks for up to US$2.5 bil NetLink IPO, says IFR
(Nov 18): Singapore Telecommunications hired three banks to manage an initial public offering (IPO) of up to US$2.5 billion ($3.6 billon) for its broadband subsidiary NetLink Trust, IFR reported late on Thursday, citing people close to the deal. Singtel, Southeast Asia's largest telco, tapped DBS Group, Morgan Stanley and UBS AG to handle the IPO, expected to take place in the second or third ...
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