Singtel rules out selling Australian unit Optus

Singtel rules out selling Australian unit Optus

The Star Online - Tech·2024-04-03 14:01

(Reuters) -Singapore Telecommunications (Singtel), Southeast Asia's largest telecom operator, reiterated on Wednesday 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.

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