Further details are filtering out about negotiations over Singtel’s Australian telecommunication company Optus and Brookfield.
Apparently, the size of the stake that Brookfield has been in talks to buy is close to 20 per cent, say sources.
Should the company be worth about $16bn, that would put the size of the deal at around $3bn.
Working with Singtel on a potential selldown of Australia’s second largest telecommunications provider is JPMorgan, while Brookfield is self-advised.
It is understood that talks about a sale have been unfolding for at least a couple of months, and were flagged in an industry publication around the end of last year.
Many believe that most of the negotiations, described as “some dialogue about a stake”, are unfolding out of Asia.
Brookfield has declined to comment.
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