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Singtel dividends to see support from Telkomsel's 10.3t rupiah tower sale: DBS

RHB views monetisation of such non-core assets positively, says it will unlock shareholder value


CASH receipts from the 10.3 trillion rupiah (S$950 million) sale of 6,050 telecommunication towers by Singapore Telecommunications' (Singtel) Indonesian joint venture company will likely support the Singapore telco's dividends, according to DBS Group Research.

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