(Bloomberg) — Singapore Telecommunications Ltd. climbed its most in almost two years after the Australian Financial Review reported it was in advanced discussions to sell carrier Optus to private equity firm Brookfield for about A$16 billion ($10.6 billion). Most Read from Bloomberg Singapore’s largest carrier gained as much as 4.2%, its biggest intraday gain since … Read more
In November, the telco giant experienced a 14-hour network outage that left more than 10 million customers and thousands of businesses without phone and internet services. Throughout the day, thousands of calls made to the emergency line triple-zero were unable to go through, and the cause of the disruption was not identified until days later. … Read more
(Bloomberg) — Singapore Telecommunications Ltd. climbed its most in almost two years after the Australian Financial Review reported it was in advanced discussions to sell carrier Optus to private equity firm Brookfield for about A$16 billion ($10.6 billion). Most Read from Bloomberg Singapore’s largest carrier gained as much as 4.2%, its biggest intraday gain since … Read more
The value of Temasek’s portfolio dropped to $S382 billion ($433 billion) from $S403 billion – its worst result in seven years. Management signalled it wanted to increase investments in India and South-East Asia, two hotspots for global growth. Singtel has previously underlined that Mr Lee is not a Temasek nominee. But Mr Lee is well-connected; … Read more
The value of Temasek’s portfolio dropped to $S382 billion ($433 billion) from $S403 billion – its worst result in seven years. Management signalled it wanted to increase investments in India and South-East Asia, two hotspots for global growth. Singtel has previously underlined that Mr Lee is not a Temasek nominee. But Mr Lee is well-connected; … Read more
Singtel, the Singaporean owner and operator of Optus, has denied reports indicating that the second-largest Australian telco would be sold off. On Wednesday afternoon, the AFR reported that Singtel was entering into advanced talks to sell the telco giant, which had suffered a data breach the year prior, and a massive 14-hour outage in November. … Read more
Veteran telecommunications analyst Paul Budde says Optus has played it too safe for years, relatively happy to retain its portion of the market by not spooking Telstra into a price war. He describes Singtel’s ownership era – which began in 2001 – as “mediocre”, and believes Canadian operator Brookfield will be buying a struggling company … Read more
Optus – or at least a significant share of it – could be offloaded to a private equity firm in a deal worth up to $18 billion. Singtel, the company’s Singapore-based owner, is reportedly discussing a sale of Australia’s second-largest telco with Canadian asset manager Brookfield – a move that, if it goes through, could … Read more
While telcos have begun to switch their 3G network over to 4G, the federal government believes customers with certain 4G handsets may unknowingly believe their device is unaffected. Certain 4G handsets bought overseas and brought into Australia were found to be configured to rely on 3G for Triple Zero calls despite using 4G for most … Read more
The Optus outage is likely to change the way telecommunications companies operate once the government releases its response… Source link