Singtel confirms it is in discussions over a potential stake sale involving its Australian telecom business, Optus. The company says it is speaking with multiple parties but does not disclose the identities of those potential buyers or partners, and it adds that there is no certainty a transaction will result from the talks. Optus has been owned by Singtel since 2001.
The news comes as regulatory pressure in Australia increases. One report says the Australian watchdog has initiated court action related to Optus, contributing to heightened scrutiny of the company’s operations and future ownership structure. In this context, Singtel’s discussions are seen as a possible step to bring in a minority partner.
While Singtel has not confirmed specific terms or valuations, reporting cited by at least one outlet points to infrastructure investor Morrison as a party that may be in discussions to acquire an Optus stake valued at more than A$2 billion. Across sources, the consistent points are Singtel’s confirmation of ongoing talks, its lack of detail on counterparts, and the absence of a guaranteed deal.
