Singtel Says No Optus Deal After Report Brookfield Talks Ended
An Optus store in Sydney.
Photographer: Brendon Thorne/BloombergThis article is for subscribers only.
Singapore Telecommunications Ltd. said there is no impending deal to sell its Australian phone carrier Optus, following a report that discussions for a transaction had collapsed.
Singtel said it regularly conducts strategic reviews of its portfolio including Optus to optimize the value of its assets, with Optus remaining “a strategic and integral part” of the company, according to a statement Wednesday. The stock fell by its most in nearly five months after The Australian reported that talks to sell a stake in Optus failed.