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Business

SingTel unit to raise $1.7bn in Asia's second-largest IPO this year

Fiber network is connected to over 76% of homes in Singapore

NetLink's fiber network is linked to over 76% of homes in Singapore. (Courtesy of NetLink NBN Trust)

SINGAPORE -- NetLink NBN Trust, the broadband infrastructure unit of Singapore Telecommunications (SingTel), is raising 2.3 billion Singapore dollars ($1.7 billion) on the local stock exchange, in what will be the second-largest initial public offering in Asia this year, after that of South Korean online game developer Netmarble Games in May.

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