SingTel drops Optus Satellite sale

Optus parent says its committed to growing, investing in $2bn business.

Singapore Telecom (SGT) has decided to hold onto its Optus Satellite business, with an initial public offering (IPO) of the unit potentially on the cards.  

SingTel, which kicked off a strategic review of the satellite business in March, said that a sale was no longer an option, with speculation that the operator had failed to seal a deal with prospective buyers.  


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

Related Articles