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Author: reitscompass   |   Latest post: Sun, 5 Nov 2023, 5:45 PM

 

Potential Special Dividends from Singtel (SGX: Z74)

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Singtel has recently announced a strategic partnership with KKR, a global investment firm, in which Singtel will divest up to 20% of its Regional Data Centre (RDC) business for SGD1.1 billion. This transaction values Singtelā€™s RDC business at SGD5.5 billion, representing an enterprise value of 31 times the estimated EV/EBITDA ratio for FY24. As part of the agreement, KKR also has the option to increase its stake to 25% by 2027 at a pre-agreed valuation. The deal marks a significant milestone for Singtel, unlocking SGD2 billion of value within the company.

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