Skip to main content

Allen & Gledhill and Milbank, Tweed, Hadley & McCloy have represented NetLink NBN Trust, the broadband unit of Singapore Telecommunications, on its $1.95 billion initial public offering. 

Clifford Chance was also involved in the transaction, advising the IPO’s joint issue managers, joint global coordinators – DBS Group, Morgan Stanley and UBS AG – and joint bookrunners and underwriters – Bank of America Merrill Lynch, Citigroup, HSBC, OCBC Bank and UOB.

Netlink Trust provides ultra-high-speed internet access throughout mainland Singapore and its connected islands. 

Its trading debut is said to be the biggest in Singapore since Mapletree Greater China Commercial Trust's $2 billion IPO in 2013, reported Reuters. Prior to that, Hutchinson Port Holdings Trust’s IPO raised $5.4 billion in 2011.

Related Articles

Deals

S&R, CAM act on $980 mln Roadstar Infra InvIT listing

by Nimitt Dixit |

Indian law firm S&R Associates has advised Infrastructure Leasing & Financial Services subsidiary Roadstar Infra Investment Trust, its sponsor Roadstar Infra and Roadstar Investment Managers in the listing of 455.4 million InvIT units at a valuation of approximately $980 million.

Deals

SAM, JSA advise on Bajaj Group's $2.8 bln buyout of Allianz's stake in insurance JV

by Nimitt Dixit |

Shardul Amarchand Mangaldas & Co. has advised Bajaj Finserv on the proposed acquisition of Allianz SE's entire 26 percent promoter stake in their insurance joint ventures, Bajaj Allianz General Insurance Company (BAGIC) and Bajaj Allianz Life Insurance Company (BALIC).

Deals

Trilegal, CAM advise on $900 mln Brookfield-Gentari deal amid renewable M&A surge

by Nimitt Dixit |

Trilegal and Cyril Amarchand Mangaldas have advised on Brookfield Asset Management's $900 million sale of a 1.6 GW portfolio of solar and wind assets in India to Gentari Renewables India, a Petronas Group company.