Singtel's Australian subsidiary, Optus, may be listed in Australia through an initial public offering.
The Australian newspaper, The Australian, cited sources as reporting that the total value of Australis' IPO plans ranged from A$8 billion (approximately S$7.67 billion) to A$12 billion. Investment banks Goldman Sachs and Morgan Stanley are involved in the initial public offering.
Optus' operating revenue for the year to the end of March fell ...