The Business Times
business-time-50
SUBSCRIBERS

Singtel dismisses report of Optus listing; analyst says flotation of Aussie unit now not optimal

google-preferred-sourceAdd BT as a preferred source
Yong Jun Yuan

Yong Jun Yuan

Published Mon, Jun 27, 2022 · 10:54 AM
    • The potential listing comes after Singtel’s earlier announcement on Jun 15 that Optus’ Enterprise division would be shifted back under Optus from Singtel’s group enterprise division.
    • The potential listing comes after Singtel’s earlier announcement on Jun 15 that Optus’ Enterprise division would be shifted back under Optus from Singtel’s group enterprise division. PHOTO: The Straits Times

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    MAINBOARD-LISTED telco Singtel is looking to list its Australian subsidiary, Optus, through an initial public offering (IPO), according to news outlet The Australian on Monday (Jun 27).

    Citing unnamed sources, it said Optus may be worth between A$8 billion (S$7.69 billion) and A$12 billion. Goldman Sachs and Morgan Stanley are reportedly involved in a plan for the telco’s IPO.

    In a bourse filing, however, Singtel responded to the news to say it has no plans to list Optus through an IPO at the moment and that the report is “highly speculative”. It added that it will inform the market if there are any material developments of this nature.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    SingtelIPOTelecommunicationsAustralia

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

    ‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

    Sales have rebounded in March after the year-end lull and seasonal Chinese New Year pullback.

    Near sell-out launches in March boost developer sales to 1,300 units after four slow months

    US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

    China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

    Lim's pay package includes about S$3.6 million as salary and around S$3.9 million as bonus, indicates the company's annual report.

    Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More