Singtel confirms talks with New Zealand's Morrison over potential sale of over 30% stake in Optus

Published Jul 30, 07:07 AM UTC

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Singapore Telecommunications (Singtel) has confirmed it is in discussions with New Zealand investor Morrison regarding the potential sale of a stake exceeding 30% in its Australian subsidiary, Optus. The stake is valued at more than A$2 billion (US$1.4 billion). The deal, if completed, could end Singtel's 25-year run as the sole owner of the Australian carrier. The news was reported by The Business Times on July 30, 2026, based on a pulse article summary. The confirmation marks a significant potential shift in the ownership structure of one of Australia's major telecommunications companies.

Source report

Parties are discussing the potential sale of an over 30% stake in the telco, valued at more than A$2 billion (US$1.4 billion).

The deal could end Singtel’s 25-year-long run as the Australian carrier’s sole owner.

Source

The Business TimesRegional

Original headline: Singtel confirms talks about potential Optus stake sale with New Zealand investor Morrison

Original language: EN-US

Part of this Story

Singtel Confirms Talks to Sell Minority Stake in Optus to Morrison

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People and interests

New Zealand Australia