- Responding to The Australian Financial Review article on the potential sale of Optus for A$16b, SingTel (SGX:Z74) stated that there is no impending deal at this juncture. That said, management is regularly reviewing its underlying assets. Operationally, Optus’ operating trend is on an uptrend.
- - Read this at SGinvestors.io -
No impending deal to offload Optus….
- The Australian Financial Review reported that SingTel is in advanced discussions to sell Optus to Toronto-headquartered private equity fund Brookfield for A$16b-18b (S$14b-16b).
- - Read this at SGinvestors.io -
- Furthermore, SingTel reiterated that its current focus is to improve network resilience and conduct a CEO search for Optus.
….but regularly reviews its asset holdings.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Chong Lee Len UOB Kay Hian Research | Llelleythan Tan Yi Rong UOB Kay Hian | https://research.uobkayhian.com/ 2024-03-14
Read also UOB's most recent report:
2024-06-19 Regional Telecom Sector - The Singapore-Malaysia Connection.
Previous report by UOB:
2024-05-24 SingTel - FY24 In Line, New Dividend Policy & Strategic Plan To Unlock Value.
Price targets by 5 other brokers at SingTel Target Prices.
Listing of research reports at SingTel Analyst Reports.
Relevant links:
SingTel Share Price History,
SingTel Announcements,
SingTel Dividends & Corporate Actions,
SingTel News Articles
