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Business

Singtel prepares to list fiber network unit

Net profit for the company in the December quarter rose 2%

SingTel CEO Chua Sock Koong (center) .

SINGAPORE -- Singapore Telecommunications will sell down most of its wholly owned fiber network unit NetLink Trust by April 2018, Chief Executive Chua Sock Koong said Thursday.

"We have to complete the sell down to below 25% by April 2018. Preparation has started," Chua said at a press conference to announce Singtel's financial results for the December-quarter.

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