Singtel says not considering divesting Optus units

Singtel said it was not looking to divest from its Optus unit, Australia’s second-largest wireless operator, refuting a report from the Australian Financial Review.

AFR reported that Optus executives were exploring options including selling off the company’s enterprise and business divisions.

Optus is a wholly owned subsidiary of Singapore Telecommunications, commonly referred to as Singtel.

“Singtel views its stake in Singtel Optus Pty Limited as strategic and believes in the long-term outlook of the Optus business,” the company said in a statement.

Sydney-based Optus, which drew public ire after a 12-hour network blackout affected over 10 million Australians in November, is also facing a class action lawsuit over a massive 2022 data hack.

About Author

AndyC

Andy Curtis is an award-winning security consultant, researcher and public speaker. He has been working in the computer security industry since the early 1990s, having been employed by state and federal government, leading healthcare and banking providers across three continents. He has given talks about computer security for some of the world’s largest companies, worked with law enforcement agencies on investigations into hacking groups, and is a regular voice on TV and radio explaining IT security threats.

See author's posts