In response, Singtel is advising shareholders and potential investors to "exercise caution in their review of any media reports relating to Optus in the absence of any definitive announcements when dealing with the shares of the company."
Shares in Singapore Telecommunications (SGX:Z74
) (Singtel) slid 3.15% to $2.46 as at 9.50am on Apr 3.
It seems that negotiations for Singtel to divest a 20% stake in its Australian business, Optus, is off, according to The Australian. It is understood that talks between Singtel and Brookfield have ended for now, as they were unable to agree on terms, including the price.
