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SingTel looking to sell significant Optus stake to Brookfield - source

Reuters SG

March 13 (Reuters) - Singapore Telecommunications is in advanced talks with Canadian private equity Brookfield to sell a significant stake in its Australian telecom unit Optus, a source with direct knowledge of the matter told Reuters on Wednesday.

SingTel in an exchange filing earlier denied a media report, which stated the telecom firm was in talks with Brookfield to sell Optus in deal which could value the Australian firm for up to A$18 billion ($11.90 billion). ($1 = 1.5131 Australian dollars) (Reporting by Scott Murdoch and Sameer Manekar; Editing by Rashmi Aich)