This article was first published on 21 March 2024. What happened? Singtel appears to be back on investors’ radar screen once again. Earlier, we shared that Singtel has raised its interim dividends with an improvement in underlying profitability. Its share price recently bounced after an article from the Australian Financial Review (AFR) mentioned that Singtel was in “advanced discussions” to sell Optus, its Australian subsidiary. This caused Singtel’s share price to increase from S$2.39 on 12 March to close at S$2.53 as of 21 March. According to the article, Singtel is looking to sell Optus to private equity giant Brookfield for A$16 billion. Optus was owned by Singtel since 2001 and was acquired back then for around S$11 billion. Investors may be curious as to whether this transaction will go through and what it may mean for the telco. What you need to know about Singtel’s plans for Optus and its strategic reset #1 – No impending deal to sell Optus at said sum...