Singtel Group is said to be considering its options related to the fibre assets belonging to its Australian unit Optus, Bloomberg reports, citing people familiar with the matter. According to the report, Singtel Group has held talks with potential advisers ahead of a strategic review of the Australian fibre business, while options for the assets – which it has been suggested could be worth ‘a few billion dollars’ – are understood to include a stake sale, partnership with an investor, or a sale and lease back arrangement.
Commenting on the matter in a statement issued in response to the Bloomberg article, meanwhile, Singtel Group noted: ‘Singtel regularly reviews its options to optimise it assets and operating model. Singtel wishes to emphasise that there is no certainty or assurance that any transaction will occur. If, and when, there are any material developments that warrant disclosure, Singtel will, in compliance with applicable rules, make further announcements as appropriate.’