Singapore Telecommunications Ltd., southeast Asia’s largest phone company, said it was reviewing its Optus Satellite unit in Australia, which Nomura Holdings Inc. said may be worth A$2 billion ($2 billion) if sold.
Singapore Telecommunications Ltd., Southeast Asia’s biggest phone company, wants to focus on wireless services in Myanmar as it vies for the right to operate in one of the world’s last untapped mobile markets.
Singapore Telecommunications Ltd. is revamping its Australian unit, where a drop in revenue and customer spending prompted Southeast Asia’s biggest phone operator to forecast its first annual sales drop in 13 years.
Singapore Telecommunications Ltd., Southeast Asia’s biggest phone company, posted first-quarter profit that missed analyst estimates as currency moves and lower sales at its Australian unit cut earnings.
Telstra Corp. will hold off on returning extra cash to shareholders until at least 2014 as it starts receiving A$11 billion ($11.4 billion) from the state- owned company building Australia’s broadband network.