Singtel calls for trading halt after media reports Optus stake sale falls through

The Straits Times04-03

SINGAPORE - Singtel requested a trading halt on the morning of April 3 after falling as much as 4.3 per cent in early trading. This came after Australian media reported its talks with Canadian private...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingtel calls for trading halt after media reports Optus stake sale falls through\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-03 10:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.straitstimes.com/business/singtel-calls-for-trading-halt-after-media-reports-optus-stake-sale-falls-through><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE - Singtel requested a trading halt on the morning of April 3 after falling as much as 4.3 per cent in early trading.\nThis came after Australian media reported its talks with Canadian private...</p>\n\n<a href=\"https://www.straitstimes.com/business/singtel-calls-for-trading-halt-after-media-reports-optus-stake-sale-falls-through\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0577902298.EUR","symbol_name":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (EUR) ACC","start_time":0,"source_url":"https://www.straitstimes.com/business/singtel-calls-for-trading-halt-after-media-reports-optus-stake-sale-falls-through","article_id":"2424329938","we_media_id":null,"thumbnails":[],"rights":{"source":"straits_highlight","url":"https://www.straitstimes.com/business/singtel-calls-for-trading-halt-after-media-reports-optus-stake-sale-falls-through","rn_cache_url":null,"customStyle":"","selectors":"body","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2424329938","pubTimestamp":1712112120,"sourceInfo":{"source_id":"straits_highlight","name":"Straits Times"},"weMediaInfo":null,"summary":"SINGAPORE - Singtel requested a trading halt on the morning of April 3 after falling as much as 4.3 per cent in early trading.This came after Australian media reported its talks with Canadian private equity firm Brookfield to divest a 20 per cent stake in Optus for about A$3.2 billion  to A$3.6 billion failed to result in a deal.As at 9.17am, the counter was down 11 cents to $2.43 with 18.4 million shares changing hands.It recovered slightly, trading down nine cents or 3.5 per cent at $2.45 with 22.7 million shares transacted. It was the top traded counter as at 9.31am, before the trading halt.The Australian newspaper broke the news earlier in the day that the negotiations to sell a 20 per cent stake in Optus – Australia’s second-largest mobile phone service provider – have fallen through, without saying where it got the information.Earlier this year on Jan 30, Singtel also denied exploring transactions involving the enterprise business of Optus, in response to a report by AFR. THE BUS","collect":0,"end_time":0,"defaultTopTitle":"straitstimes.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0577902298.EUR":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (EUR) ACC","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","LU0228367735.SGD":"Eastspring Investments - Asian Equity Fund AS SGD","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","LU0577902538.SGD":"Fullerton Lux Funds - Asia Growth and Income Equities A Acc SGD","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","SG9999013478.USD":"利安新加坡股息基金","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","LU0577902454.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) ACC","BK6523":"ESG概念","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","LU0163747925.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY A ACC","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","LU0516423091.SGD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (SGD) ACC","LU0414403682.SGD":"Blackrock Asia Pacific Equity Income A5 SGD-H","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","LU0955669360.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD","BK6513":"电信服务股","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","LU0738912210.USD":"Blackrock Asia Pacific Equity Income A6 USD","Z74.SI":"新电信","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC","BK6035":"综合电信业务","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","LU1130305938.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD-H","LU0873338254.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) INC","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","LU0577902611.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"A\" (USD) ACC","LU0918141887.USD":"安联亚洲实际收益股票基金","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","SG9999002406.SGD":"利安新加坡信托基金","LU0577902371.SGD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (SGD) ACC","SG9999002620.SGD":"LionGlobal South East Asia SGD","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD"},"translate_title":"媒体报道Optus股权出售失败后，新加坡电信呼吁暂停交易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"Z74.SI":1},"content_text":"SINGAPORE - Singtel requested a trading halt on the morning of April 3 after falling as much as 4.3 per cent in early trading.\nThis came after Australian media reported its talks with Canadian private equity firm Brookfield to divest a 20 per cent stake in Optus for about A$3.2 billion (S$2.8 billion) to A$3.6 billion failed to result in a deal.\nAs at 9.17am, the counter was down 11 cents to $2.43 with 18.4 million shares changing hands.\n\n\n\nIt recovered slightly, trading down nine cents or 3.5 per cent at $2.45 with 22.7 million shares transacted. It was the top traded counter as at 9.31am, before the trading halt.\nThe Australian newspaper broke the news earlier in the day that the negotiations to sell a 20 per cent stake in Optus – Australia’s second-largest mobile phone service provider – have fallen through, without saying where it got the information.\nIt reported that the parties were unable to agree on terms, including the price, and Brookfield has walked away from the potential deal. The private equity firm declined comment.\n\n\n\n\nSingtel on March 13 denied the deal discussion, after the Australian Financial Review (AFR) reported that the telecommunications giant was in advanced discussions to sell its Australian unit to Brookfield. The Australian daily claimed that the deal was estimated to be worth some A$16 billion, and the discussions were “well advanced”.\n\n“Optus remains an integral and strategic part of the Singtel group and we are committed to Australia for the long term,” said Singtel at the time.\n\n“Our current focus has been on improving network resilience and conducting a CEO search (for Optus).”\n\nEarlier this year on Jan 30, Singtel also denied exploring transactions involving the enterprise business of Optus, in response to a report by AFR. THE BUSINESS TIMES\n\n\n\n\n\nMore On This Topic\n\n \n\nWhile an outright sale is unlikely, Singtel has wiggle room to sell a partial stake in Optus\n\n\n\n \n\nSingtel’s Optus fined $1.3 million by Australian government on public safety rule breach","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2424329938"}