Published 2 years ago

Singtel to sell 3.3% of Bertie Airtel shares for $1.6 billion

Summary by Reuters

[25th Reuters] - Singapore Telecommunications (Singtel) announced on the 25th that a 3.3% stake in Indian mobile phone giant Bharti Airtel was sold for about 2,250 million Singapore dollars (16 It was revealed that it would be sold to Bertie Telecom for 10 million US dollars). Singtel is the largest telecommunications company in Southeast Asia. Pastel and Viridian, which are under the umbrella of the umbrella, will also sell 198 million shares o…

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Times of India

Bharti Telecom to buy 3.33% Airtel stake from Singtel for Rs 12,895 crore

Bharti Airtel promoter Bharti Telecom will buy a 3.33 per cent Airtel stake from Singtel for 2.25 billion Singapore dollars or about Rs 12,895 crore in 90 days' time, the telecom operator said on Thursday.

2 years ago·India

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News18 India

Bharti Telecom to Buy 3.3% Stake in Bharti Airtel from Singtel for Rs 12,900 Crore

Airtel Stake Sale: Bharti Telecom to Buy 3.3% Stake in Bharti Airtel from Singtel for Rs 12,900 Crore, Bharti Airtel shares have risen over 32 per cent in the last one year, latest Updates at news18.com

2 years ago·India

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Reuters

Singtel to sell 3.3% of Bertie Airtel shares for $1.6 billion

2 years ago·United Kingdom

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Benzinga

Singtel To Sell 3.3% Stake In India's Airtel For $1.6B To Boost 5G, Growth Initiatives

Singapore Telecommunications Limited (OTC: SGAPY) has announced it will sell a 3.3% stake in Indian telecom player Airtel to Bharti Telecom, for approximately S$2.25 billion ($1.61 billion), as part of its capital recycling strategy.After this transaction, the Singtel Group is expected to own an effective stake of 29.7%, which is estimated to be worth S$22 billion. This comprises a 19.2% indirect stake through Bharti Telecom and a 10.5% direct s…

2 years ago·New York, United States

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Bloomberg

Singtel To Sell Part Stake In Bharti Airtel To Finance 5G

Singtel will trim 3.3% of its direct stake in Bharti Airtel to raise about $1.6 billion, which it will use to finance its 5G operations and expansion.

2 years ago·United States

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