Singapore Telecommunications (Singtel) has confirmed it is in discussions with multiple parties regarding a potential sale of a stake in Optus, its Australian telecommunications subsidiary.
The talks mark a significant shift in the ownership structure of the asset, which Singtel has held since 2001.
The move comes as Optus faces heightened regulatory and public scrutiny following two major outages that disrupted Australia's emergency call services.
The potential stake sale aligns with Singtel’s wider strategic restructuring efforts.
The company is currently exploring a dual listing on the Nasdaq and the Singapore Exchange, alongside plans to spin off its data centre assets into a real estate investment trust (REIT).
Divesting a portion of Optus could provide capital to fund these initiatives or reduce leverage, though specific terms and the size of the stake under consideration have not been disclosed.