Jul 29, 2026 – 6.32pmSingaporean telecommunications giant Singtel is in advanced discussions to sell a significant minority stake in Australia’s second-largest carrier, Optus, a potential $2 billion-plus deal that could mark the end of its 25-year-long run as its sole owner.Wellington-based infrastructure investor Morrison has secured a seven-week exclusivity period to finalise a proposal to acquire more than 30 per cent of Optus, according to people involved in the negotiations but not authorised to speak publicly.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?