Singtel group chief corporate officer Lim Cheng Cheng said the acquisition was a “unique opportunity” to scale up ATN’s operations and expand its customer base.

“In combining ATN and Axicom, AustralianSuper and Singtel will be working closely to realise the significant operational synergies created.”

AustralianSuper has a large infrastructure portfolio including Australian assets such as NSW Ports, Ausgrid, WestConnex, Transurban Queensland, Sydney and Perth Airports. The fund said it will continue to seek global and local investments in the telecommunications sector.

“AustralianSuper is looking to double its infrastructure portfolio over the next five years from its current $31 billion. We believe that there will be significant growth in demand for digital infrastructure and will actively consider future opportunities in this space,” Mr Kemp said.

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