Singtel Increases Its Stake In Bharti Telecom
Singapore Telecommunications (Singtel) enters into an agreement with MacRitchie Investments to purchase 788,538 shares or 3.62 percent stake in Indian telecommunications company, Bharti Telecom (Bharti). The purchase will cost Singtel $383.6 million and increase its stake to 39.78 percent from 36.16 percent. Bharti, through its subsidiaries, is the world?s third largest mobile telecommunications company and operates in 20 countries across South Asia, Africa and the Channel Islands. Notably, Bharti owns Bharti Airtel (Airtel), the largest mobile provider in India. This will allow Singtel have an effective interest of 32.34 percent in Airtel.
Singapore Telecommunications (Singtel) enters into an agreement with MacRitchie Investments to purchase 788,538 shares or 3.62 percent stake in Indian telecommunications company, Bharti Telecom (Bharti). The purchase will cost Singtel $383.6 million and increase its stake to 39.78 percent from 36.16 percent. Bharti, through its subsidiaries, is the world?s third largest mobile telecommunications company and operates in 20 countries across South Asia, Africa and the Channel Islands. Notably, Bharti owns Bharti Airtel (Airtel), the largest mobile provider in India. This will allow Singtel have an effective interest of 32.34 percent in Airtel.
No comments:
Post a Comment