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Home » UPDATE 1-Singtel confirms no intention to divest Australian telco Optus

UPDATE 1-Singtel confirms no intention to divest Australian telco Optus

    Singapore Telecommunications (Singtel), Southeast Asia's largest telecom operator, on Wednesday reiterated that there was no "impending deal" to divest its Australian telecom unit Optus. Singtel, majority owned by Singapore sovereign investor Temasek, in March denied an AFR report that it was offloading Optus to Canada's Brookfield for up to $12 billion. Shares of Singtel were down 3.15% at S$2.46 before trading was halted pending an announcement.

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