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Singtel Sells $1 4 Billion Australia Towers Stake to AusSuper

(Bloomberg) Pension manager AustralianSuper Pty agreed to buy a majority stake in the mobile phone towers unit of Singapore Telecommunications Ltd.’s Australian subsidiary Optus for about A$1.9 billion ($1.4 billion).

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Optus deal confirms big super s power

The purchase by AustralianSuper of 70 per cent of the company owning and managing the Optus phone towers is another proof point of big super’s power.

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Optus follows Telstra s lead with $1 9b tower sale to AustralianSuper

Optus has announced it has sold a majority stake of its telecommunications tower business to AustralianSuper for $1.9 billion.

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Optus sells towers business for A$1 9B

Parent owner Singtel sells 70 per cent stake to AustralianSuper.

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