Deals
Singtel Said to Tap BofA for Pursuit of Australia's Amaysim
- Southeast Asian carrier moves ahead with examining offer
- Singtel’s Optus unit facing price competition in Australia
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Singapore Telecommunications Ltd., Southeast Asia’s largest telecom services provider, is moving ahead with examining a possible bid for wireless operator Amaysim Australia Ltd., people with knowledge of the matter said.
The company is working with Bank of America Corp. to assess options for investing in Sydney-based Amaysim, the people said, asking not to be identified because the process is private. The appointment was made in the last two weeks, according to one of the people.