Singtel sheds towers, adds data centres

Singtel has brokered a deal to sell off its towers in Australia and unveiled a strategy to build new data centres outside Singapore.
First up, the towers. Singtel’s Optus unit has been working on the sale of its telecoms towers for the past few months and has now inked an agreement to sell 70% of Australia Tower Network (ATN) to superannuation fund AustralianSuper. The deal values ATN at around A$2.3 billion, giving Singtel net proceeds of A$1.9 billion (US$1.4 billion) that it can plough