A man looks out of the window under a Singtel signage at their head office in Singapore on February 12, 2015. REUTERS
April 3 (Reuters) – Singapore Telecommunications (Singtel), Southeast Asia’s largest telecom operator, on Wednesday reiterated that there was no “impending deal” to divest its Australian telecom unit Optus.
Singtel, majority-owned by Singapore sovereign investor Temasek, in March denied, an AFR, report that it was offloading Optus to Canada’s Brookfield (BAM.TO), for up to $12 billion.
Shares of Singtel were down 3.15% at S$2.46 before trading was halted pending an announcement.
The halt was placed after multiple reports said talks had ended for Singtel to divest a 20% stake in its Australian business.
“The Group would like to advise shareholders of Singtel and potential investors to exercise caution in their review of any media reports relating to Optus in the absence of any definitive announcements when dealing with the shares of the company,” Singtel said in a statement.
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Reporting by Roushni Nair in Bengaluru; Editing by Subhranshu Sahu
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