Singtel rules out impending deal to sell Australian unit Optus

FILE PHOTO: A man looks out of the window under a Singtel signage at their head office in Singapore February 12, 2015. REUTERS/Edgar Su/File Photo

(Reuters) -Singapore Telecommunications (Singtel) on Wednesday ruled out any impending deal to sell its Australian mobile network operation Optus following reports that talks for a potential stake divestment had fallen off.

Southeast Asia's largest telecom operator, Singtel sought a trading halt after its shares sank 3.15% to S$2.46. The company then reiterated that there was no Optus divestment deal. Its shares were last down 3.9%.