Singtel's unit and AustralianSuper to buy telecom tower firm Axicom for $2.68b

Singtel's unit and AustralianSuper to buy telecom tower firm Axicom for $2.68b

Photo by Keiichiro Asahara

A telecom tower unit of Singapore Telecommunications and pension fund AustralianSuper will buy rival Axicom, part-owned by investment bank giant Macquarie Group Ltd, for A$3.58 billion ($2.68 billion), the companies said on Friday.