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.

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