Singapore, 2 June 2017 – Singtel refers to its announcement dated 9 February 2017 on the commencement of preparations for the public listing involving NetLink Trust pursuant to Singtel’s undertaking to the Info-communications Media Development Authority (IMDA) to divest its stake in NetLink Trust, a 100%-owned associate of Singtel, to less than 25% ownership by 22 April 2018.
NetLink Trust designs, builds, owns and operates the passive infrastructure for Singapore’s Next Generation Nationwide Broadband Network (NextGen NBN). Under the IMDA’s structural separation requirements for the NextGen NBN, Singtel does not have effective control in NetLink Trust.
Singtel wishes to announce that Singapore Exchange Securities Trading Limited (SGX-ST) has today issued its conditional eligibility-to-list letter in relation to the listing on the Mainboard of the SGX-ST.
The listing will be subject to, among other things, market conditions, the relevant regulatory and other approvals being obtained and the execution of definitive agreements by the relevant parties. In the meantime, shareholders of Singtel are advised from taking any action in respect of their shares in Singtel which may be prejudicial to their interests, and to exercise caution when dealing in the shares of Singtel. In the event that shareholders wish to deal in the shares of Singtel, they should consult their stockbroker, bank manager, solicitor, accountant, tax adviser or other professional advisers.
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