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Tags: Australia, Optus Satellite, Acquisition
Publication: Bloomberg.com
Publication Date: 07/03/2013
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Optus Headquarters Sydney.
Image credit: Google Maps
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Eutelsat and SES are among companies that proceeded to a final round of bidding for Singapore Telecommunications’ Australian satellite unit, Optus Satellite. Offers are due next month and the short-listed bidders have been given access to more detailed financial information on the unit.
The sale of Optus Satellite would be the largest telecommunications deal in Australia in more than a decade. The company provides television, radio, phone, Internet data and military signals to Australia, New Zealand and the Antarctic. Optus Satellite customers include Australian Broadcasting Corp., the Foxtel joint venture between Telstra Corp. (TLS) and News Corp., and Australia’s Department of Defense.
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