Singtel Says No Optus Deal After Report Brookfield Talks Ended

Bloomberg04-03

(Bloomberg) -- Singapore Telecommunications Ltd. said there is no impending deal to sell its Australian phone carrier Optus, following a report that discussions for a transaction had collapsed. Most ...

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A Million Simulations, One Verdict for US Economy: Debt Danger Ahead. Tesla’s Sales Miss by the Most Ever in Brutal Blow for EVs. Singtel said it regularly conducts strategic reviews of its portfolio including Optus to optimize the value of its assets, with Optus remaining “a strategic and integral part” of the company, according to a statement Wednesday. The stock fell by its most in nearly five months after The Australian reported that talks to sell a stake in Optus failed.Optus is one of Singtel’s biggest overseas investments, though its recent history has been marred by a widespread outage that forced the resignation of its chief executive officer in November, following an earlier cyberattack that exposed the personal information of millions ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999014302.SGD":"RHB Singapore Income Fund SGD","Z77.SI":"SINGTEL 10","BK6035":"综合电信业务","Z74.SI":"新电信"},"translate_title":"据报道，Brookfield谈判结束后，新加坡电信表示没有Optus交易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"Z74.SI":0.9,"Z77.SI":0.9},"content_text":"(Bloomberg) -- Singapore Telecommunications Ltd. said there is no impending deal to sell its Australian phone carrier Optus, following a report that discussions for a transaction had collapsed.\nMost Read from Bloomberg\n\nTrump Sues Truth Social Company Co-Founders to Zero Them Out\nA Million Simulations, One Verdict for US Economy: Debt Danger Ahead\nTrump Media’s Business Doesn’t Matter\nTrump Got His $175 Million Bond From a Billionaire Fan’s Company\nTesla’s Sales Miss by the Most Ever in Brutal Blow for EVs\n\nSingtel said it regularly conducts strategic reviews of its portfolio including Optus to optimize the value of its assets, with Optus remaining “a strategic and integral part” of the company, according to a statement Wednesday. The stock fell by its most in nearly five months after The Australian reported that talks to sell a stake in Optus failed.\nSingtel and private equity firm Brookfield had engaged in discussions for a 20% share in Optus, Australia’s second-largest carrier, but couldn’t agree to terms, including price, the report said. Shares of the Singaporean telecommunications provider fell as much as 4.3% on Wednesday, before the company requested a trading halt. They’d risen in March when another report suggested Brookfield was looking to buy the mobile network at a valuation of close to $11 billion.\nOptus is one of Singtel’s biggest overseas investments, though its recent history has been marred by a widespread outage that forced the resignation of its chief executive officer in November, following an earlier cyberattack that exposed the personal information of millions of customers. The Australian carrier’s revenue slid 5.4% in the December quarter while earnings before interest, taxes, depreciation and amortization fell 1.8%, according to Singtel filings.\n--With assistance from Olivia Poh.\nMost Read from Bloomberg Businessweek\n\nElon Musk Has a Porn Problem\nEV Rise Helps BYD Overtake Geely to Become China’s Car King\nAI Energy Crisis Boosts Interest in Chips That Do It All\nThe Cautionary Tale of Wirecutter and the Internet’s Favorite Wok\nHow Michael Rubin Ended Up Holding All the Cards\n\n©2024 Bloomberg L.P.","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/2424850851"}