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Singtel considering options for Australia Optus fibre assets, according to sources

Bloomberg
Bloomberg1/10/2022 8:45 PM GMT+08  • 2 min read
Singtel considering options for Australia Optus fibre assets, according to sources
A representative for Singtel declined to comment.
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Singapore Telecommunications Ltd. is considering options including a potential stake sale in the fiber assets of its Australian subsidiary SingTel Optus Pty, people familiar with the matter said, a deal that would follow last year’s disposal of its mobile phone towers unit.

Singtel, as the Singaporean phone-services provider is known, has held talks with potential advisers to prepare for a strategic review of the Australian fiber business, the people said, asking not to be identified because the information is private.

Options for the assets, which could be worth a few billion dollars, include a potential stake sale, partnership with an investor or a sale and lease back, the people said. Deliberations are preliminary and there’s no certainty that the review will lead to a transaction, the people said.

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