SingTel dismisses media report of talks to sell Optus for up to $18 billion
Singapore Telecommunications, Southeast Asia’s largest telcom operator, has dismissed a media report that said it was in advanced talks to sell its Australian unit Optus.
Earlier, the Australian Financial Review, reported SingTel was in advanced discussions with Canadian private equity Brookfield to sell Optus in a deal that could value the business for up to $18 billion.
“There is no impending deal to offload Optus for the said sum, as reported,” SingTel said in a statement.
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SingTel’s shares had jumped nearly 4 per cent after the AFR report before the company requested a trading halt.
Brookfield and Optus did not immediately respond to Reuters’ email requests for comment.
SingTel has owned Optus since 2001.
