Singtel announced on Monday that Optus has extended its provision of satellite services with media group Foxtel until 2031. Foxtel has partnered with Optus since 1998 to deliver its premium live sport, movies, drama, news, and entertainment content.
Optus Satellite owns and operates Australia and New Zealand’s largest fleet of spacecraft with five satellites currently servicing its broadcast and corporate customers, as well as those in the government.
Shares in Singtel closed 3 cents lower, or 1.2% down, at $2.48, on Friday.
