SingTel selling Optus?
Apparently, there are rumours of SingTel selling 25% of Optus.SingTel Group is a big giant, including SingTel Mobile, SingTel Consumer, SingTel Business Group, NCS and the australia-based Optus. The group has an annual revenue of around S$15b. About maybe 30% of which comes from Australia. This is a sizable pie. If this goes through, we can probably see SingTel Group investing in other parts of the world very soon. Where can this money go?
- Acquisitions?
- Geographic Expansion?
- R&D?
- Cashflow?