A man appears out of the window underneath a Singtel signage at their head arena of job in Singapore February 12, 2015. REUTERS/Edgar Su
Register now for FREE unlimited gather entry to to Reuters.comJune 27 (Reuters) – Singapore Telecommunications (STEL.SI) acknowledged it does now not notion to checklist its Australian unit Optus, refuting experiences that it used to be working on an preliminary public offering valuing the wireless service at between A$8 billion ($5.54 billion) and A$12 billion.
Singtel on Monday known as the info articles published by Australian media “extremely speculative”, asserting it continually reports its blueprint and that it would ruin an announcement if there used to be any records that warranted disclosure.
The Australian acknowledged investment banks Goldman Sachs and Morgan Stanley had been focused on a notion to head with the waft Optus in most up-to-date months, but Singtel used to be anticipated to pause the listing attributable to market volatility.
Register now for FREE unlimited gather entry to to Reuters.comOptus had reported running income of A$7.84 billion and core profit of A$2.07 billion for the 2021-2022 interval.
Singtel shares rose 1.6% to S$2.62 by 0511 GMT.
($1 = 1.4428 Australian greenbacks)
Register now for FREE unlimited gather entry to to Reuters.comReporting by Riya Sharma in Bengaluru; Editing by Amy Caren Daniel
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