Singtel denied an Australian Financial Review (AFR) report it was in advanced discussions to sell Optus to private equity company Brookfield Asset Management for AUD16 billion ($10.6 billion), stating the subsidiary remains an integral part of its group.
The Singapore-headquartered operator made a stock exchange announcement shortly after the AFR story broke, stating there was no impending deal to offload Optus for the said sum, adding it remained committed to Australia for the long-term.
Optus has been in the headlines for the wrong reasons recently, after a 12-hour network outage affected more than 10 million people in November 2023, an incident which led to the departure of CEO Kelly Bayer Rosmarin and a fine of AUD1.5 million.
Its MD of networks Lambo Kanagaratnam quit the company last week.
Singtel stated its current focus for Optus “has been on improving network resilience and conducting a CEO search”.
However, it also added it regularly conducts strategics reviews of its portfolio to optimise the value of assets and businesses “and will explore all options to maximise shareholder value”.
The company also warned shareholders and potential investors to exercise caution in their review of any media reports relating to Optus, after Singtel shares rose 4 per cent following the AFR report.
AFR cited an unnamed source as speculating the sale of Optus. It also reported Brookfield Asset Management was expected to bring in a consortium partner to seal the deal, with Canada’s CPP Investment Board suggested as a candidate.
The news of a possible sale of Optus comes a week after Singtel cut its stake in Bharti Airtel, raising $711.1 million.
The post Singtel distances itself from Optus sale speculation appeared first on Mobile World Live.
Commercials Cooperation Advertisements:
(1) IT Teacher IT Freelance
立刻註冊及報名電腦補習課程吧!
电子计算机 -教育 -IT 電腦班” ( IT電腦補習 ) 提供一個方便的电子计算机 教育平台, 為大家配對信息技术, 電腦 老師, IT freelance 和 programming expert. 讓大家方便地就能找到合適的電腦補習, 電腦班, 家教, 私人老師.
We are a education and information platform which you can find a IT private tutorial teacher or freelance.
Also we provide different information about information technology, Computer, programming, mobile, Android, apple, game, movie, anime, animation…
(2) ITSec
www.ITSeceu.uk
Secure Your Computers from Cyber Threats and mitigate risks with professional services to defend Hackers.
ITSec provide IT Security and Compliance Services, including IT Compliance Services, Risk Assessment, IT Audit, Security Assessment and Audit, ISO 27001 Consulting and Certification, GDPR Compliance Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training.
Contact us right away.
Email (Prefer using email to contact us):
SalesExecutive@ITSec.vip