Singtel to Sell Optus Stake and Invest S$3 Billion
Singapore Telecommunications plans to sell a minority stake in its Australian unit Optus to a local partner while budgeting S$3 billion for capital spending in 2027. The group reported an underlying net profit of S$2.77 billion for the year ended March 2026 despite facing currency volatility and higher energy costs.
SINGAPORE TELECOMMUNICATIONS is seeking a minority partner for its Australia unit Optus while committing S$3 billion to capital spending through 2027. The restructuring follows a S$1.16 billion stake sale in India-based BHARTI AIRTEL LTD last year. Management is pivoting toward infrastructure and AI to offset service quality issues and rising energy costs in Singapore.
### Optus Stake Sale and Operational Recovery Singtel is searching for a long-term local partner to take a meaningful minority stake in Optus. The Australian operator has faced intense scrutiny following two major network outages that affected thousands of users. These incidents resulted in the departure of two senior executives, including the finance chief.
