Webwire, 4 Dec 2008
This is the $10 billion question.
Will Singtel Communications, majority owned by the Singapore Government, cough up the money to finance the Optus Networks Investments (ONI) bid for Australia’s National Broadband Network or not?
Optus Networks Investments (ONI) is a subsidiary of Singtel Communications.
More than a week after the bids were lodged, Singtel still has not come clean on whether or not it will fund the $10 billion hole in the Optus bid.
It should stop hiding behind the "gag" which in, no way, prevents it from telling the market and the public about such critical facts as "where the money is coming from".
There have been absolutely no disclosures by Singtel to its shareholders through the Australian Stock Exchange (ASX).
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