What are the terms of the deal involving Singtel and Optus?

Singtel is currently in advanced negotiations to sell a 30 per cent minority stake in its subsidiary Optus to infrastructure investor Morrison for approximately $2.25 billion.

How is the proposed transaction by Singtel valued?

Infrastructure investor Morrison has priced the proposed acquisition of the Optus stake at six times earnings, following a strategic review by Singtel.

Why is Morrison engaging superannuation funds regarding Singtel and Optus?

Morrison has secured a seven-week exclusivity period to finalise its bidder consortium and is engaging major superannuation funds to help acquire the stake from Singtel.

What does the potential agreement mean for future pricing under Singtel?

Potential backers indicated that Optus has room to lift monthly postpaid pricing by at least 20 per cent following the proposed transaction involving Singtel.

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Infra investor Morrison in talks for Optus stake

Written by Brie CarterPublished Jul 29, 2026, 10:00 PM

· Singtel reportedly enters advanced negotiations to sell a 30% minority stake in its Australian subsidiary Optus to infrastructure investor Morrison for over $2 billion.

· The potential transaction follows a strategic review by the Singaporean parent company to evaluate minority ownership options for the carrier.

· Morrison is currently engaging major superannuation funds during a seven-week exclusivity period to finalise the acquisition consortium.

Infrastructure investor Morrison has reportedly entered advanced talks to acquire a 30% stake in Optus from Singtel for approximately $2.25 billion.

The move follows Singtel exploring minority ownership options for its Australian carrier after previous discussions with Brookfield concluded without an agreement.

Morrison priced the proposed transaction at six times earnings while offering investors significant blocking rights and potential postpaid price increases.

Optus generated $8.4 billion in operating revenue and $2.36 billion in earnings for the financial year ended March while navigating recent regulatory challenges.

The suitor Morrison manages more than $45 billion in assets and recently secured Sumitomo Mitsui Trust Bank as a strategic backer for its portfolio.