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While an outright sale is unlikely, Singtel has wiggle room to sell a partial stake in Optus
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Singtel has said that Optus remained “an integral and strategic part” of the group.
PHOTO: ST FILE
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SINGAPORE - Singapore-listed telco Singtel’s share price, which was in the doldrums for more than half a year, has perked up in recent days.
Supporting this latest run in its shares was a report about the group’s negotiations to sell Optus, its Australian subsidiary and the second-largest telco there. The buyer is said to be Toronto-based private equity giant Brookfield and it is purported to be acquiring Optus for A$16 billion (S$14 billion).
