Following the passing of a first-round deadline for bids for the Australian satellite business of Singapore Telecommunications (SingTel), Reuters reports that UK-based Inmarsat and France’s Eutelsat Communications are among the companies to have made an offer for the unit. Further, citing a person with direct knowledge of the matter, it has also been claimed that three private equity firms – KKR & Co, Blackstone Group and Carlyle Group – have submitted bids for the satellite operator. Meanwhile, other companies thought to have expressed interest in the sale include Asia Satellite Communications Holdings, Intelsat, Sky Perfect Jsat Corp, Australia’s NewSat and SES, although it has not been said whether any of these have actually made bids.
As previously reported by CommsUpdate, in March 2013 SingTel selected Morgan Stanley and Credit Suisse banks to play the lead role in a review of Optus Satellite, ahead of a possible sale of the unit. SingTel is said to have valued the subsidiary at around AUD2 billion (USD1.93 billion).