New Zealand-based infrastructure investor Morrison is reportedly in exclusive negotiations to acquire a minority stake in Optus, with the deal potentially valued at more than A$2 billion. Morrison has reportedly secured a seven-week exclusivity period to finalise a proposal to acquire more than 30% of Optus from parent company, Singaporean telecommunications giant Singtel. If the transaction goes ahead, Optus would gain an Australian and New Zealand-based infrastructure investment partner, while Singtel would remain a major shareholder and continue its long-term commitment to the business. The news follows an announcement by Singtel made earlier this year that it was exploring the sale of a meaningful minority stake in Optus. A successful deal could provide additional capital and infrastructure expertise without changing Optus’ day-to-day operations or competitive position in the Australian market.