A man looks out of the window under a Singtel signage at their head office in Singapore February 12, 2015. — Reuters picSYDNEY, March 13 — Singapore Telecommunications is looking to sell a significant stake in its wholly owned Australian unit Optus to Canadian private equity giant Brookfield, a source with direct knowledge of the matter said today.
Earlier on Wednesday, SingTel dismissed a report by the Australian Financial Review that it was in advanced talks to sell Optus in a deal that could value Australia’s second-largest telecommunications group at up to A$18 billion .“There is no impending deal to offload Optus for the said sum, as reported,” SingTel said in a stock exchange filing.
SingTel’s shares jumped nearly 4 per cent on Wednesday after the AFR report before the company requested a trading halt.
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