Singtel hires three banks for up to $2.5b NetLink IPO

A Singtel executive passes a Singtel logo at their head office in Singapore April 8, 2015. REUTERS/Edgar Su/files

Singapore Telecommunications hired three banks to manage an initial public offering (IPO) of up to $2.5 billion for its broadband subsidiary NetLink Trust, IFR reported late on Thursday, citing people close to the deal.

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