AustralianSuper, Singtel and Australia Tower Network completed the acquisition of Axicom for A$3.58bn.

A consortium of investors including AustralianSuper, Singtel and Australia Tower Network completed the acquisition of Axicom, a telecommunication infrastructure services provider, for A$3.58bn ($2.6bn). "This acquisition is a unique opportunity to scale up ATN’s operations and expand its customer base. It also reinforces Singtel’s commitment as a long-term investor in the Australian telecoms space where our goal has always been to provide more options and build better communications for Australian consumers and businesses. In combining ATN and Axicom, AustralianSuper and Singtel will be working closely to realise the significant operational synergies created," Lim Cheng Cheng, Singtel CCO.