Deals
SingTel Said to Weigh Optus Satellite IPO as Alternative to Sale
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Singapore Telecommunications Ltd. is considering an initial public offering of its Australian satellite unit after drawing lower-than-expected bids for the business, said two people with knowledge of the matter.
Intelsat SA is among suitors that made final-round offers for Optus Satellite, said one of the people, who asked not to be identified as the process is private. A group that included Measat Global Bhd. dropped out of bidding, two other people with knowledge of the situation said.