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HomeWorldSingtel Confirms No Intention to Divest Australian Telco Optus

Singtel Confirms No Intention to Divest Australian Telco Optus


(Reuters) – Singapore Telecommunications (Singtel), Southeast Asia’s largest telecom operator, on Wednesday reiterated that there was no “impending deal” to divest Australian telco Optus.

Singtel, majority-owned by sovereign investor Temasek, in March denied an AFR report that it was offloading Optus to Canada’s Brookfield for up to $12 billion.

(Reporting by Roushni Nair in Bengaluru; Editing by Subhranshu Sahu)

Copyright 2024 Thomson Reuters.



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