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TELECOM & INTERNET | Tim Charlton, Singapore

NetLink Trust's IPO could raise at least $2b

It aims to complete the IPO by July.

Bloomberg Markets reported that the NetLink Trust, the fibre broadband network provider backed by Singapore’s biggest phone company, started briefing analysts this week ahead of an initial public offering that could raise at least $2b ($1.4b).

The arm of Singapore Telecommunications Ltd. began meeting research analysts to explain its business model, which will later be followed by meetings with potential investors, according to the people. NetLink Trust, which announced Monday the government has cut most of its prices, has been discussing a potential annual dividend yield of about 4 percent to 5 percent, the people said, asking not to be identified because the information is private.

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