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FinanceSingtel in advanced talks to sell 30% Optus stake to NZ investor Morrison for over A$2bn
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Singapore Telecommunications (Singtel) is in advanced talks to sell a 30% stake in its Australian subsidiary Optus to New Zealand investor Morrison, according to the Australian Financial Review. The deal is potentially valued at over A$2 billion (US$1.4 billion). If completed, this would end Singtel's 25-year run as the sole owner of the Australian carrier. The report indicates the negotiations are at an advanced stage, though no final agreement has been confirmed. The move could represent a significant strategic shift for Singtel, which has held full ownership of Optus since acquiring the company in 2001. The potential sale comes amid ongoing competition in the Australian telecommunications market and Singtel's broader portfolio review.
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Publication Date: July 30, 2026
Singtel in Talks to Sell 30% Optus Stake to New Zealand Investor Morrison, AFR Says
The deal is potentially valued at over A$2 billion (US$1.4 billion).
Published: Thu, Jul 30, 2026 · 03:03 PM
SINGTEL is in advanced talks to sell a minority stake in its Australian subsidiary, Optus, to New Zealand-based investor Morrison, according to a report by the Australian Financial Review (AFR).
- The deal is reportedly valued at over A$2 billion (US$1.4 billion).
- The transaction would involve the sale of a 30% stake in Optus.
- If completed, this could end Singtel’s 25-year run as the sole owner of the Australian carrier, the AFR noted.
Photo: REUTERS
Source
The Business TimesRegional
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Singtel Confirms Talks to Sell Minority Stake in Optus to Morrison