SingTel pays big cheque for high-growth exposure

Singapore’s biggest telecoms operator is set to invest $1.8 billion for a stake in Thailand’s Intouch Holdings and an increased share of India's Bharti Telecom.

Singapore Telecommunications is set to spend S$2.5 billion ($1.8 billion) buying stakes in Thailand’s Intouch Holdings and India's Bharti Telecom, underscoring its ambition to become a regional telecom powerhouse by diversifying away from more mature markets.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media