Optus has declined to confirm reports its parent company Singapore Telecommunications (SingTel) is considering selling a small stake in the subsidiary through a initial public offer (IPO) in Australia.
A Dow Jones report on The Australian newspaper's website on Wednesday, citing "people familiar with the situation", said SingTel could raise between $US4 billion ($A4.4 billion) and $US5 billion ($A5.5 billion) from an Optus IPO, which was unlikely to occur in 2010.
"We don't comment on speculation," an Optus spokeswoman told AAP on Wednesday.
The article said SingTel viewed the Australian market as mature and intensely competitive, and could use funds from an Optus IPO to establish a presence in Vietnam, China or Africa.
© 2009 AAP
