13-08-2013, 09:15 PM
(10-08-2013, 10:42 AM)CityFarmer Wrote: [ -> ]IMO, without the Myanmar's telecom venture, there is lesser motivation to sell the Optus satellite... Will the proposal just fall through...?
SingTel gets 2 bids for Optus satellite business
HONG KONG — Singapore Telecommunications (SingTel) has received two offers for its Australian satellite business in the final round of the bidding, including one from United States-listed Intelsat, three sources with knowledge of the matter said.
Both offers came in below the A$2 billion (S$2.3 billion) reserve price set for the auction and SingTel will decide at a board meeting next week whether to divest the business through an initial public offering (IPO) or ask suitors to improve their bids, the sources said.
http://www.todayonline.com/business/sing...e-business
The final review result of Australian satellite business is announced. The end result is nothing will change.
Well, the final card is unfolded, time to update the model and do a final valuation...
SingTel to keep Australian Optus satellite unit after review
Singapore Telecommunications, Southeast Asia’s biggest phone company, plans to keep its Australian satellite unit after concluding a strategic review.
“Based on the review, SingTel is committed to growing and investing in the satellite business,” the company said in a statement.
http://www.theedgesingapore.com/the-dail...eview.html