The telecommunications company also said it is open to a local partner taking a "meaningful minority stake" in its Australian subsidiary Optus.

The failed M1-Simba merger signals further cost pressures for Singapore telcos and a setback for Keppel's strategy. Read more at straitstimes.com. Read more at straitstimes.com.

The Singaporean telco says it is looking to sell a minority stake in the troubled operator to a “like-minded long-term local partner”.

The telecommunications company also said it is open to a local partner taking a "meaningful minority stake" in its Australian subsidiary Optus.

Singtel shares drop amid a weakening Singapore business and explore potential telco consolidation. Read more at straitstimes.com. Read more at straitstimes.com.