KKR & Co. L.P. (NYSE:KKR) and Carlyle Group LP (NASDAQ:CG) are among companies lining up bids for Optus Satellite, reports Reuters.
Optus Satellite is the Australian arm of Singapore Telecommunications (SingTel) and occupies the second position behind former monopoly Telstra.
SingTel Valuing Optus
SingTel is reportedly valuing the Optus at over $2 billion. The other potential bidders include Eutelsat Communications SA (EPA:ETL) from France, The Blackstone Group L.P. (NYSE:BX) and Providence Equity Partners.
SingTel has sent out financial information to interested bidders on Monday, with the first deadline for bids set for June 14, Setup a free account to get access to this article (no credit card required).Login required to continue reading.
