SINGAPORE -- Singapore Telecommunications is selling part of its overseas mobile network infrastructure to fund a rollout of 5G next-generation technology while the company also looks to expand its data center business in Southeast Asia.
The telco on Friday announced that it will sell a 70% stake in Australia Tower Network for A$1.9 billion ($1.37 billion), which includes the sale of 2,312 cellphone towers and rooftop sites.
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