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Blackstone Group LP And Other Suitors Said To Place Bids For Singapore Telecommunications Ltd's Australia Unit-Reuters

Monday, 17 Jun 2013 01:12am EDT 

Reuters reported that Eutelsat Communications SA and KKR & Co are among the suitors to place first-round bids for Singapore Telecommunications Ltd's Australian satellite unit. SingTel, Southeast Asia's telecom operator, values the satellite business of its Australian unit Optus at more than AUD2 billion ($1.9 billion), and has put it on sale as it battles tepid growth in its key markets of Singapore and Australia. Inmarsat PLC, Blackstone Group LP and Carlyle Group LP are among the other suitors to submit bids ahead of the deadline. Blackstone, Carlyle, KKR, Intelsat, SES and SingTel declined comment. Eutelsat, Inmarsat, AsiaSat, JSat and NewSat did not reply to emails seeking comments. 

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