Yes, it is committed to Australia and yes, it is focused on improving network resilience and finding a new CEO for Optus, as it told shareholders in Singapore last night. But it is also in talks to do a whopper deal with Canadian investment giant Brookfield.. It was the sort of leak that gives offshore suitors and sellers headaches all the time – the deal isn’t done, it is a bit early, but the gist of the story is enough to set hearts racing.
There were also substantial dividends along the way – Brookfield’s co-investor Infratil, which had an equal stake, fessed up to collecting $NZ1 billion in cash distributions in those Brookfield years. Product meant radically simplifying, digitising and automating, and boosting cybersecurity; customer experience meant on-shoring key services, in-housing retail stores and simplifying customer management systems; repositioning included selling mobile tower assets.
A decent Optus stake – think 30 per cent to 40 per cent – would cost billions, and those sorts of cheques are not written frequently or without a lot of due diligence, thought and negotiations.
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