So SingTel has called off the sale of Optus Satellite. An IPO looks like the most likely ‘plan B’ – but what kind of exchange would we be talking about? Elsewhere, The Trust Company has opened up to Equity Trustees while standing by Perpetual’s offer, Sydney Airport had a busy time yesterday to say the least, and Brockman Resources has won negotiations with Fortescue Metals Group.
Singapore Telecommunications, Optus Satellite
Singapore Telecommunications now has to think about what it might do with Optus Satellite after bids for the business apparently failed to live up to the company’s $2 billion hopes.