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SingTel Reviews Optus Satellite Business
[Satellite TODAY 03-18-13] SingTel has appointed Credit Suisse and Morgan Stanley as financial advisors for its review of its Optus Satellite business aiming to optimize shareholder value, the parent company announced Mar. 18.
“The only possibly suggestion I have is that satellite is not core to their business, and that with specialized satellite organization and the upcoming NBN satellite service,” Optus must decide if it “will invest in new satellites to stay competitive,” Buddecomm analyst Paul Budde said in a statement
Optus is the only telecom company that owns and operates a fleet of satellites in Australia, currently operating five satellites with a sixth scheduled for launch later this year. Optus satellites are designed to provide services such as free-to-air and pay TV, mobile telephony and broadband services to customers including the NBN Co, ABC, Foxtel, and SBS.
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