Shares in Optus owner Singapore Telecommunications surged more than 4 per cent amid reports of a sale of Optus before Singtel went into a trading halt in Singapore pending an announcement.was in advanced discussions with Canadian private equity firm Brookfield to sell Optus in a deal that could value the business at up to $16 billion.
Reuters reported that Singtel was looking to sell a significant stake in wholly owned Australian unit Optus to Brookfield, citing a source with direct knowledge of the matter.Singtel has owned Optus since 2001. The carrier’s 4.2 per cent share surge was its biggest intraday gain since May 2022, before it was suspended from trading pending an announcement.
The carrier’s revenue slid 5.4 per cent in the December quarter, while earnings before interest, tax, depreciation and amortisation fell 1.8 per cent.
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