Singapore Telecommunications has divested a 70% stake in its Australian tower network to superannuation fund AustralianSuper for A$1.9 billion ($1.37 billion), and said it will use the proceeds to fund a 5G rollout and for data centres.
Liberty Global said it has a reached a deal to sell 100% of its operations in Poland to French telecoms firm Iliad's Polish mobile subsidiary Play for a total enterprise value of $1.8 billion.
Saudi Telecom Company has completed the retail and institutional subscription to the initial public offering of Arabian Internet and Communications Services Co, raising 3.624 billion Saudi riyals ($966.35 million), STC said on Wednesday.