Singapore Telecommunications (Singtel) has refuted the news reports on its subsidiary Optus going public, calling the reports “highly speculative”.
In a June 27 filing on the bourse, Singtel says it “wishes to clarify that there are currently no plans to list Optus”.
“Singtel regularly reviews its strategies to optimise the value of its businesses. Since becoming part of the Singtel stable, Optus has grown to be a leading telco in Australia and is now a significant part of the Singtel Group,” reads the statement.
“If, and when, there is any information that warrants disclosure, Singtel will, in compliance with applicable rules, make an announcement as appropriate,” it adds.
On June 27, Australian daily The Australian reported that SGX-listed Singtel was weighing an A$8 billion ($7.69 billion)-plus listing, citing unnamed sources.
The listing would have been one of the largest-ever listings on the Australian Securities Exchange, where Optus is based at.
See also: Singtel denies report it is 'exploring options' over Australia unit
As at 2.30pm, shares in Singtel are trading 2 cents higher or 0.78% up at $2.60.
