Singtel dismisses Optus sale talks amid media reports
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The news: Singtel has released a statement saying there are no impending deals to sell Optus after its share price dropped amid media reports that sale talks with Brookfield had collapsed.
The numbers: Singtel shares on the Singapore Exchange fell 3.15% by 3.20pm AEDT, following reports in The Australian and West Australian that Singtel and Brookfield had ended negotiations over selling Optus.
The context: After its share price fall, Singtel advised the market to “exercise caution” when reviewing media reports relating to Optus and said the Australian telco remained a “strategic and integral” part of the Singapore-based company.
What they said: “The group has previously said it regularly conducts strategic reviews of our portfolio including Optus to optimise the value of our assets and businesses and will explore all options to maximise shareholder value,” Singtel said.
“The group would like to reiterate that there is no impending deal to divest Optus which remains a strategic and integral part of the Singtel Group.”
The source: SGX announcement
