Singapore Telecommunications is in advanced talks with Canadian private equity Brookfield to sell a significant stake in its Australian telecom unit Optus, a source with direct knowledge of the matter told Reuters on Wednesday.
SingTel in an exchange filing earlier denied a media report, which stated the telecom firm was in talks with Brookfield to sell Optus in deal which could value the Australian firm for up to A$18 billion ($11.90 billion). ($1 = 1.5131 Australian dollars)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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