Singapore Telecommunications (SG:Z74) has released an update.
Singapore Telecommunications Limited (Singtel) has refuted claims made by the Australian Financial Review about a potential $16 billion sale of Optus to Brookfield, emphasizing Optus’s importance to its long-term strategy and denying any imminent transaction. Singtel is currently focusing on enhancing network resilience and appointing a new CEO, while also continuously reviewing strategic options to increase shareholder value. Investors are cautioned to rely on official company announcements rather than media speculation for accurate information on corporate developments.
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