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Allen & Overy has advised Singapore Telecommunications (Singtel) on the A$1.9 billion ($1.4 billion) sale of stake in its Australian Tower Network (ATN) to Australia’s superannuation fund AustralianSuper, which was represented by Allens.

According to Reuters, the deal involves the sale of 2,312 mobile network towers and rooftop sites.and values ATN at A$2.3 billion

Singtel is also in talks with Telkom Indonesia to explore acquiring and building data centre assets in Indonesia and the region, Reuters added.

The Allens team was led by partners Wendy Rae, Jessica Choong and Phil O'Sullivan.

 

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