Singapore Telecommunications said on Thursday its offer for Australia's Cable & Wireless Optus had become unconditional, allowing it to proceed with compulsory acquisition of any remaining shares.
The offer went unconditional after Cable & Wireless agreed to sell its entire 52.3 percent stake in Australia's second-largest telecoms operator, SingTel said in a statement.
SingTel said it now had "relevant interest in over 93 percent of the shares in Optus". SingTel's move on Optus is Australia's largest corporate takeover by an Asian company and Singapore's biggest offshore deal.
