"Singtel views its stake in Singtel Optus as strategic and believes in the long-term outlook of the Optus business," says Singtel in an announcement via SGX on Jan 30.
As part of its ongoing "strategic reset", the company has drawn up a list of assets it can divest as it balances the need to invest for new growth and reward shareholders with higher dividends.
Singtel "regularly explores and reviews business opportunities, projects and proposals relating to its business and investments from time to time, and there is no certainty any of these will lead to a definitive or binding transaction."
"No transaction relating to the Optus enterprise business is currently contemplated," the telco says, adding it will make relevant disclosures if any and at the appropriate time.
See also: Amalgamation of AIS and Gulf to be completed on April 1, says Singtel
Singtel shares closed at $2.42, up 0.83%.
