Singtel Says in Talks With 'Interested Parties' to Sell Stake in Optus

By Megan Cheah

Singapore telecommunications operator Singtel confirmed it is in discussions with interested parties to sell a stake in its Australian unit Optus, but said no deal has been struck thus far.

The company had previously said it is open to working with a local partner for its Australian operations.

"Singtel will make an announcement if and when there are any material developments that warrant disclosure," the company said Thursday, in response to media reports. It added there is no certainty or assurance that any such transaction will materialize.

Optus contributes roughly half of Singtel's operating revenue, but has been under scrutiny recently.

The Australian unit suffered several network outages last year, including one in September that affected emergency calls. Last June, Optus agreed to pay a US$65 million penalty after it was found to have sold unsuitable products to vulnerable individuals, including indigenous Australians.

Singtel said that any potential Australian partner should be aligned with its objectives to ensure that Optus remains a strong, reliable Australian operator.

Write to Megan Cheah at megan.cheah@wsj.com

(END) Dow Jones Newswires

July 29, 2026 21:08 ET (01:08 GMT)