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REUTERS/Edgar Su

Allens has advised a telecom tower unit of Singaporean telco SingTel and pension fund AustralianSuper on their A$3.58 billion ($2.68 billion) acquisition of rival Axicom, part-owned by Sydney-based investment bank Macquarie Group, which was represented by Gilbert + Tobin.

The purchase builds on SingTel’s physical footprint in Australia, where it already has the second biggest telecommunications service provider Optus, according to Reuters.

Allens’ team included partners Wendy Rae, Jessica Choong, Geoff Sanders, Phil O’Sullivan, Tim Stewart, Jillian Button, Michael Ryan, David McLeish, Simon Dewberry, Jacqueline Downes, Veronica Siow and Joseph Power.

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