Optus has denied it is cutting costs to help fund its English Premier League broadcast deal.

Optus is denying it plans to cut 1000 jobs, but is reviewing its operations as the telco plots its much-anticipated coverage of the English Premier League.

An Optus spokeswoman said the group "continually reviews its operations to ensure it has the right organisational structure in place to achieve its goals" following a newspaper report that it may cut its workforce by 10 per cent, or 1000 jobs.

"As our business evolves we anticipate we will need to make further changes to the way we organise ourselves to help support our business goals, but we have no specific changes to share right now.

"Although our priority is to always communicate the details of any changes directly with employees first, Optus does not have plans to make 1000 roles redundant," the spokeswoman said in a statement.

Citing internal documents, The Australian newspaper reported that Optus, which is owned by Singapore Telecommunications, is considering cutting its workforce as part of a wide-ranging cost-cutting exercise under chief executive Allen Lew.

The newspaper reported that Optus was cutting costs to help fund the group's $189 million three-year deal for the exclusive Australian broadcast and digital rights to the EPL.

The Communications Workers Union national secretary Greg Rayner Tuesday slammed Optus' reported job cut plans.

"Optus is rushing to cover themselves and pass this off as something other than massive jobs cuts for Australian workers," Mr Rayner said.

"We are talking about almost 10 per cent of Optus' total workforce. These are serious numbers. Thousands of staff will be out of the job, and thousands of families will suffer," he added.

In November when Optus secured the EPL rights, Mr Lew said the deal was "another significant step" in its strategy to become a mobile-led multimedia company.

Since than, Optus has been tight-lipped about its coverage plans, but the clock is ticking with the new season set to kick-off in August.

"I don't have any information or timing indications to share at this stage," an Optus spokeswoman told AAP.

There has been speculation that Optus could show the games live via a direct-to-consumer subscription streaming service, and on catch-up via a website or app with discounts to Optus customers.

Optus' EPL move shocked the media industry and local football fans as pay-television company Foxtel had held the local EPL broadcast rights for the past 18 years.

Foxtel - which is 50-50 owned by Telstra and media group New Corp - is now focusing its attention on the Australian Rugby league and Australian Football League competitions.

Optus last month booked a 9.1 per cent rise in third-quarter net profit to $227 million from the same period a year earlier, thanks to new mobile customer signings and further network improvements.