SINGAPORE, April 3 (Reuters) - Singtel STEL.SI said on Friday there was no certainty of a deal to sell its telecom towers in Australia following a media report that the telecom operator was preparing to put the assets estimated A$2 billion ($1.2 billion) on the block.
"Singtel regularly reviews its options to optimise its assets and operating model," the firm said in a regulatory filing on Friday. "Singtel wishes to emphasise that there is no certainty or assurance that any transaction will occur."
Singapore Telecommunications Ltd has mandated Bank of America (NYSE:BAC) to sell the portfolio, the Australian Financial Review (AFR) first reported on March 30, and later by other media. AFR estimated the portfolio of towers to be at least A$2 billion.
A representative for the company declined to comment on the value of the assets, which is owned by its Optus subsidiary.
Credit ratings agencies Fitch and S&P Global this year downgraded Singtel, citing weak growth prospects and the potential need for higher capital expenditure. = 1.6493 Australian dollars)