Singtel weighs Optus stake sale as Australian watchdog launches court action

Australia’s communications regulator has taken Optus to court over last year’s network outages, which were linked to four deaths

Reuters reported in 2024 that Singtel was in advanced talks to sell a significant stake in Optus to Brookfield Asset Management, although the company denied a deal was imminent.

The telecoms services provider is under heightened scrutiny following two outages involving Australia’s emergency call service that affected thousands of users and were linked to four deaths. The incidents led to the departure of two senior executives, including its finance chief.