‘No transactions currently contemplated’: Singtel refutes reports of Optus’ enterprise unit sell-off

Optus is a wholly-owned subsidiary of Singtel.

Singtel denied reports that it is exploring transactions related to the enterprise business of Optus, its wholly-owned subsidiary.

The company, however, said that it “regularly explores and reviews business opportunities, projects and proposals relating to its business and investments from time to time,” but underscored that “there is no certainty any of these will lead to a definitive or binding transaction.”

The telecommunications company also denied reports that it is looking to divest from its Optus unit.

“Singtel views its stake in Singtel Optus Pty Limited as strategic and believes in the long-term outlook of the Optus business,” Singtel said in a bourse filing.

“ Shareholders are advised to refrain from taking any action in respect of their shares in Singtel which may be prejudicial to their interests,” Singtel added.

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