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Singtel Cuts Stake in Bharti Airtel Through $710 Million Sale.

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  • المؤلفون: Heiskanen, Ville (AUTHOR)
  • المصدر:
    Bloomberg.com. 3/7/2024, pN.PAG-N.PAG. 1p.
  • معلومة اضافية
    • الموضوع:
      BHARTI Airtel Ltd.; INFORMATION technology; SERVER farms (Computer network management); GROWTH funds
    • نبذة مختصرة :
      Singapore Telecommunications Ltd. (Singtel) has sold approximately S$950 million ($710 million) worth of stock in Indian phone carrier Bharti Airtel Ltd. to US investment firm GQG Partners. This sale reduces Singtel's stake in Bharti Airtel from 29.8% to 29%. Singtel will gain about S$700 million from the sale and its remaining holding in Bharti Airtel is valued at an estimated S$33 billion. Singtel is focusing on 5G operations and investing in areas such as data centers, and this sale will help fund these initiatives and reduce net debt. [Extracted from the article]
    • نبذة مختصرة :
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