Optus Satellite to remain on SingTel's court

No satisfying offer yet.

According to a report by Reuters, Singapore Telecommunications Ltd signaled on Tuesday it may not be selling Optus Satellite after announcing it had concluded its strategic review of the business.

The statement came after SingTel received offers for Optus that were below the A$2 billion ($1.8 billion) price previously set by the Singapore company, sources told Reuters last week.

SingTel had initiated a review of Optus, which owns and operates satellites in Australia, in March this year.

Read full report here.

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