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SingTel receives 2 final bids for Optus Satellite - report

2013-08-12 04:14:00| Telecompaper Headlines

(Telecompaper) Singapore Telecommunications (SingTel) has received two final offers for Optus Satellite, its Australian satellite business. Intelsat is one of the bidders and the other offer was lodged by a consortium that includes Blackstone Group, TPG Capital, and Measat Global, Reuters reports citing sources close to the matter. Both offers were below AUD 2 billion, the reserve price, and the SingTel board will shortly decide whether to ask bidders to improve their bids or whether to divest the division through an IPO.

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