Its mobile network covers 98.5% of the Australian population, with plans to cover all of Australia by 2026 through its partnership with SpaceX. Singtel announced in its financial results for the full-year to March 31, 2026 that it was open to engaging with strategic local partners who can bring complementary capabilities and expertise as part of ongoing efforts to improve Optus' performance.
Cyborg Score Rationale
Optus grew its operating revenue to AU$8.3 billion for the year, an increase of 2.1 percent. However, parent company Singtel acknowledged that Optus posted an exceptional loss, arising from provisions made for regulatory and remediation expenses and costs related to the retail store buyback totaling AU$400 million. The company faces operational challenges but maintains core market leadership.
Top Insights
(May 2026) Singtel open to selling meaningful minority stake in Optus to Australian strategic partners
(Year ending March 31, 2026) Operating revenue increased 2.1% to AU$8.3 billion; EBITDA grew 6% to AU$2.36 billion
(FY 2025-2026) Exceptional loss of AU$400 million due to regulatory/remediation expenses and retail store buyback costs
(Ongoing) Satellite coverage expansion through SpaceX partnership targeting complete Australian coverage by 2026
Named Competitors
Telstra — Australia's largest telecommunications provider
Vodafone Australia — Third major mobile network operator in Australia
Recent Developments
(May 2026) Singtel announced intention to sell meaningful minority stake in Optus to qualified Australian partners
(March 31, 2026) FY2025-2026 financial results released showing 2.1% revenue growth and 6% EBITDA growth
(March 31, 2026) EBITDA reached AU$2.36 billion with AU$1.5 billion invested in networks and IT systems
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