Optus hunters

Good Morning.

Singtel wants a “like-minded long-term local partner” for Optus. And equity markets and dealmaking circles are asking the same question: who is it talking to?

The answer, according to investors Capital Brief’s Brandon How spoke to, surely is a “Brookfield-type” firm, meaning Brookfield itself, which walked away from almost exactly this deal two years ago, or Morrison and Macquarie, which between them have fingerprints on nearly every significant Australian telco infrastructure transaction of the past five years.

ASX 200 as at market close. Bitcoin in USD.