Investors drop Singtel shares after C&W agrees Optus sale

29 Mar 2001

The market has reacted negatively to the decision by the UK's Cable & Wireless (C&W) to sell its Australian unit, Optus, to Singapore Telecommunications. At the time of the announcement the stock and cash offer was worth between A$14.9bn and A$16.1bn. But within days, the value of the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial