Optus 100 per cent with SingTel

Singapore Telecommunications' (SingTel) subsidiary, SingTel Australia Investment has announced the completion of its acquisition of Optus.

Following the acquisition of all the outstanding ordinary shares in Cable & Wireless Optus not acquired during its takeover offer for Optus shares, SingTel Australia now holds 100 per cent of the ordinary shares in Optus.

SingTel is expected to announce its results for the six months ended September 30 2001 on November 8 2001.

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