Singtel in talks to sell 30% Optus stake to New Zealand investor Morrison, AFR says

Singtel in talks to sell 30% Optus stake to New Zealand investor Morrison, AFR says

July 30, 2026 / Liam Redmond /


Published Thu, Jul 30, 2026 · 03:03 PM

SINGTEL is in advanced talks to sell a more than 30 per cent stake in Australia’s Optus to Morrison in a deal potentially valued at over A$2 billion (US$1.4 billion), the Australian Financial Review reported.

Wellington-based infrastructure investor Morrison has secured a seven-week exclusivity period to finalise the potential purchase, AFR said on Wednesday (Jul 29), citing unidentified people involved in the negotiations.

The deal could end Singtel’s 25 year-long run at being the Australian carrier’s sole owner, the AFR added. 

Morrison’s New York-based chief investment officer William Smales flew to Sydney to meet with investment bosses of the superannuation sector, and urged them to join its bidding consortium with a pitch of “bringing Optus home”, AFR reported, citing a pitch deck for potential capital partners.

Discussions are under way with at least six superannuation funds. There is no certainty a deal will go through and Morrison is still testing investor appetite, AFR said. 

Both Singtel and Morrison declined to comment when contacted by Bloomberg. BLOOMBERG



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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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