|Bid||2.4000 x 0|
|Ask||2.4200 x 0|
|Day's Range||2.3800 - 2.4200|
|52 Week Range||2.0000 - 2.8500|
|Beta (5Y Monthly)||0.76|
|PE Ratio (TTM)||23.53|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec 19, 2014|
|1y Target Est||N/A|
(Bloomberg) -- Brookfield Asset Management Inc. and IFM Investors Pty are considering bidding for Singapore Telecommunications Ltd.’s portfolio of Australian mobile phone towers, according to people familiar with the matter, joining a crowded field of possible suitors for the digital infrastructure assets.A deal for the towers, held under Singtel’s Australian subsidiary, Optus, could value the assets at about A$2 billion ($1.5 billion), the people said, asking not to be named discussing confidential matters. First round offers may be due as soon as later this month, the people said.American Tower Corp. is also among the potential bidders, the people said. A group known as Symphony Consortium, consisting of local telecom operator Stilmark Holdings Pty with U.S. provider ATN International Inc. and Canadian pension investor OMERS Infrastructure Management Inc. said in November it plans to participate in the sale.Deliberations are ongoing and the prospective suitors could decide not to proceed with offers, the people said. Representatives for American Tower, Brookfield, IFM and Singtel declined to comment. A representative for Symphony Consortium did not respond to requests for comment.The potential sale comes amid a series of sizable telecommunication towers deals in recent months. Spain’s Cellnex Telecom SA agreed in November to buy CK Hutchison Holdings Ltd.’s European telecommunication towers for about $12 billion, while American Tower inked a deal in January to buy a portfolio of towers in Europe and South America from a unit of Telefonica SA for about $9.4 billion.Telstra Corp., Optus’s main rival in the Australian telecommunications market, said in March that plans to sell a stake in its own towers arm were on track, and that binding offers would be due in the second quarter of 2022.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Moody's Investors Service has downgraded Singtel Optus Pty Limited's (Optus) issuer rating to A3 from A2, Optus Finance Pty Limited's (Optus Finance) backed senior unsecured medium-term note (MTN) rating to (P)A3 from (P)A2, and its backed senior unsecured rating to A3 from A2. Optus is the parent and guarantor of Optus Finance and both of their A3 ratings include a two-notch uplift based on Singapore Telecommunications Limited's (Singtel, A1 stable) 100% ownership of Optus, which Moody's believes will result in credit support in times of financial stress.
Moody's Investors Service has affirmed Singapore Telecommunications Limited's (Singtel) senior unsecured rating of A1. Moody's has also affirmed the (P)A1 rating on the backed senior unsecured Euro medium-term note programme as well as the A1 rating on all the backed senior unsecured notes issued by Singtel Group Treasury Pte. Ltd., under the unconditional and irrevocable guarantee from Singtel.