June 27, 2017 / 9:58 AM / a month ago

Singtel's NetLink Trust launches up to $1.95 bln Singapore IPO - IFR

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HONG KONG, June 27 (Reuters) - NetLink NBN Trust, the broadband subsidiary of Singapore Telecommunications (Singtel), on Tuesday launched an initial public offering worth up to $1.95 billion in Singapore, IFR reported, citing a term sheet of the transaction.

NetLink is offering 2.9 billion units in an indicative range of S$0.80 to S$0.93 each, putting the total deal at up to S$2.69 billion, added IFR, a Thomson Reuters publication.

Singtel, Southeast Asia's largest telco, did not respond to a Reuters phone call seeking comment on the IPO. ($1 = 1.3855 Singapore dollars) (Reporting by Fiona Lau of IFR, additional reporting by Aradhana Aravindan in Singapore; Writing by Elzio Barreto; Editing by Himani Sarkar)

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