The future of Singtel’s Optus business will be decided by some of the most powerful people in Singapore as it considers selling off part of the Australian telecommunications group in a move that would boost financial returns for its sovereign backer.
Singtel vowed to “explore all options to maximise shareholder value” for its Australian subsidiary after The Australian Financial Review reported it was in talks to offload the telecommunications group to Canadian investor Brookfield, which narrowly missed out on buying Origin Energy last year.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
Emma Connors was South-east Asia correspondent from October 2019 until mid-2023, based in Jakarta and Singapore. She has previously edited Perspective and Opinion and has written extensively across the AFR and related titles. Connect with Emma on Twitter. Email Emma at emma.connors@nine.com.au
