Singtel shares drop 3.7% after Aussie authority takes Optus to court

Singtel shares drop 3.7% after Aussie authority takes Optus to court

July 31, 2026 / Liam Redmond /


[SINGAPORE] Shares of telco giant Singtel dropped as much as 3.7 per cent on Friday (Jul 31) after multiple developments linked to wholly owned Australian telco Optus Mobile on Thursday.

The counter fell as low as S$4.41 within the first few minutes of market open, dropping S$0.17 from its closing price on Thursday.

Optus was informed on Thursday that the Australian Communications and Media Authority had filed proceedings in the Federal Court of Australia.

The regulator is alleging that Optus breached several provisions of the Telecommunications (Emergency Call Service) Determination 2019 on 1,005 occasions on Sep 18, 2025.

Singtel on Thursday confirmed that it is in discussions with “interested parties” to sell a minority stake in Optus.

The Australian Financial Review (AFR) on Wednesday reported that New Zealand-based infrastructure investor Morrison was in talks to buy a slice of more than 30 per cent, valued at more than A$2 billion (US$1.4 billion).

Morrison has also secured a seven-week exclusivity period to finalise the potential purchase, said AFR.



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Liam Redmond

As an editor at Forbes Europe, I specialize in exploring business innovations and entrepreneurial success stories. My passion lies in delivering impactful content that resonates with readers and sparks meaningful conversations.

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