Massive NetLink IPO set to lift Singapore drought

SingTel plans to divest its majority stake in its broadband business in what is set to be the Lion City's biggest equity fundraising event since 2012.

Singapore Telecommunications is ready to divest its stake in NetLink NBN Trust, owner of the infrastructure that underpins the national fibre broadband network, in what could be the Lion City’s biggest initial public offering in five years.

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