SingTel

[CityFarmer]

Needs public consultation? May be IDA also confuse on current configuration...

I doubt IDA will grant the extension of divestment date to 2018, as proposed by SingTel. Netlink's operation is quite passive, the integration with OpenNet doesn't require more than 12 months.

The question of "independent" is always there, as long as Netlink is 100% owned by SingTel.

The earlier the date of the divestment, the better to me...

(vested)

IDA starts public consultation on OpenNet deal

SINGAPORE — The Infocomm Development Authority (IDA) of Singapore today (Aug 28) began the public consultation on CityNet's proposed acquisition of OpenNet. The process will close in three weeks and IDA will likely complete its review in 120 days.

In an announcement last week, CityNet, as the trustee manager of NetLink Trust, unveiled its proposal to fully acquire the next-generation broadband network operator OpenNet. Set up as a business trust, NetLink Trust owns and maintains the ducts and manholes that the broadband cables go through.

The proposal has come under public scrutiny as SingTel currently owns all of NetLink Trust's units. But SingTel has only beneficial ownership and no controlling power, which rests on trustee manager CityNet.

http://www.todayonline.com/tech/ida-star...ennet-deal