Singtel is currently engaged in discussions to divest its stake in Optus.

Singtel, the owner of Optus, has acknowledged its interest in exploring avenues to enhance returns following reports from The Australian Financial Review suggesting a potential sale to Canadian investment group Brookfield. The Financial Review’s Street Talk column disclosed advanced discussions between Singtel and Brookfield regarding a speculated $16 billion transaction for Optus, prompting a nearly 4 percent surge in Singtel’s shares to their highest levels since August 2023. Singtel’s stock slightly declined by S1¢ to trade at $S2.47 on Thursday afternoon after the company refuted the immediacy of a deal at that valuation. Nonetheless, Singtel emphasized its routine practice of conducting strategic reviews to optimize asset and business value, asserting its commitment to exploring all options to maximize shareholder value. Singtel affirmed the significance of Optus within its portfolio, asserting its steadfast commitment to Australia for the long term.

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