POST Online Media Lite Edition



 

Singtel pays $1.8 billion for stakes in two Asian telecoms

Staff Writer |
Singtel said it is buying 21 percent of Thai telecoms Intouch Holdings for S$1.59 billion and 7.39 percent of India's Bharti Telecom for S$884 million.

Article continues below






The stakes are being bought from Singapore state investor Temasek], which owns more than half of Singtel.

Intouch is the largest shareholder in Advanced Info Service, Thailand's biggest mobile operator, in which Singtel already holds 23.3 percent. Bharti Telecom is the holding company of Bharti Airtel, India's largest telecoms firm and Singtel's existing partner.

Singtel's economic interest in AIS will rise to 31.8 percent and in Bharti Airtel to 36.2 percent.

The deals will be funded by issue of 386 million Singtel shares to Temasek totaling S$1.605 billion, and cash and short-term debt


What to read next

Singtel to give $810 million for Trustwave
Singtel completes acquisition of Trustwave to expand cloud solutions
SingTel sells Warid Telecom to Abu Dhabi Group for $150 million

Outdoor dining is back on Sydney's menu

 
Businesses across Sydney can look forward to entertaining patrons outdoors until the end of 2024 thanks to the City of Sydney extending its on road outdoor dining program.
 
 

Latest

Colombian police seize over 1.6 tons of cocaine in banana shipment
Syngenta Q3 sales increased
British Columbians will get better highway cell coverage
Cleveland selects vendors for smart parking system

NEWS

UK motorists back safety and year three MOT over 23p a week saving

Earthquake in Afghanistan kills at least 11, nine of them in Pakistan
Biden orders release of intelligence on potential links between COVID and Wuhan lab
U.S.: Strong storm for west and southwest, heavy snow for Northern Plains and upper midwest
Magnitude 5.9 earthquake strikes Valparaiso
Extensive raid underway in Slovenia and Bosnia and Herzegovina on suspicion of money laundering
 

BUSINESS

Record 9.6% growth in renewables

Inflation changing consumer priorities in UAE
Michigan: 150 new good-paying jobs coming to Kalamazoo, Auburn Hills, Owosso
Generic pharmaceuticals market expected to reach $682.9 billion
Drug discovery services market worth $41.3 billion
Moldova resumes using Russian gas
 

Trending Now

Timothy Boring new director of Michigan Department of Agriculture and Rural Development

Michigan: 150 new good-paying jobs coming to Kalamazoo, Auburn Hills, Owosso

Biden orders release of intelligence on potential links between COVID and Wuhan lab

New findings released from world's most powerful solar telescope


POLITICS

Governor Newsom releases master plan for tackling fentanyl and opioid crisis

Moscow to maintain 500,000 bpd oil output cut to end June
IMF raises reservations on petroleum subsidy scheme in Pakistan
Xi, Putin discuss ramping up supplies of Russian gas
California Governor visits Lithium Valley
Czech delegation heads to Taiwan, hopes for chip investments
 

Today We Recommend

Shortage of nurses should be treated as global health emergency


Highlights 

Generic pharmaceuticals market expected to reach $682.9 billion

Drug discovery services market worth $41.3 billion

Foot Locker Q4 income decreased


COMPANIES

Billie Joe Armstrong Gibson Les Paul Junior unvelied

ZEB Metals relocating, establishing first South Carolina operations in Berkeley County
Big Fish Games to establish New Orleans talent hub, will hire
Perrigo recalls Gerber Good instant formula in U.S.
Schneider Electric breaks ground on its fifth plant in Hungary, will create hundreds of new jobs
Amazon to lay off 9,000 more employees
 

CAREERS

Vanda Pharmaceuticals appoints Tage Honoré to board

Akhona Qengqe to become KFC Africa’s new general manager
Marlabs appoints Usha Jamadagni as chief delivery officer
Rolls-Royce announces new leadership for Africa
AIG director William G. Jurgensen to retire
Ball Corporation promotes Daniel W. Fisher to chairman
 

ECONOMY

Forecast shows Colorado’s strong economy to continue growing faster than nation

BiH records almost seven percent increase of exports
Hong Kong exports decreased
South Korea's export falls 17.4 pct for first 20 days of March
Bundesbank: German economy to contract further in Q1
Euro area international trade in goods deficit €30.6 bn
 

EARNINGS

Foot Locker Q4 income decreased

FedEx Q3 profit decreases
Revlon Q4 sales $589.8 million
Eastman Kodak Q4 revenues $305 million
Williams-Sonoma Q4 revenue declined 0.6%
G-III Apparel Q3 sales increased 14.2%
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
 

AGRIFISH

Avian flu detected in poultry house in Lithuania

Russia: Seeds of dangerous weed almost got to buyers along with vegetables seeds
From the beginning of 2023, over 66 000 tons of grain products shipped from Krasnoyarsk Territory
Timothy Boring new director of Michigan Department of Agriculture and Rural Development
Illinois counties lead nation for corn and soybean production in 2022
City of Chicago announces Community Growers Program
 

LEADERSHIP

Success of working from home depends on company health

Consumers less likely to support brands with unconventional spellings
HR practices have both positive and negative effects on employee mental health
CEO education is no guarantee of stock market success
How remote work affects managers
Incoming CEO's political views may drive director departure in firm
 

CRIME

Poland: UOKIK fines Merida Polska $573,000

SEC charges DXC Technology for misleading non-GAAP disclosures
Investigation leads to takedown of darknet cryptocurrency mixer that processed over $3b of unlawful transactions
Chicago reaches $23.8m settlement agreement with e-cigarette maker Juul Labs
SEC charges Blackbaud for misleading disclosures about ransomware attack that impacted charitable donors
Former Goldman Sachs investment banker sentenced in $2.7b bribery and money laundering scheme
 

Magazine

TRAVEL

Five day street food festival in Mangaluru brings Indian food to city

Qatar International Food Festival is back
Me Auld Flower food and drink festival coming to Dublin for St Patrick's Day weekend
Ten days of Winter Festival, a time travel back to end of 18th century Norway
Strong Beer Fest in Munich invites visitors to taste potent brews
Food world gathers for Melbourne Food and Wine Festival this March
 

SEA, LAND, AIR

First GMC Sierra EV, power source on wheels

Ford Puma ST Powershift, most powerful 1.0‑litre EcoBoost engine
Toyota launches new Prius PHEV in Japan
Ariel Atom, serious motor sport or ultimate fun
ABT XNH, camper for those who want to expand their horizons
Lamborghini Invencible and Autentica, farewell to V12
 

DESIGN

Juliska tableware, collections for every occasion

Wool coats, a timeless fashion investment
Venetto bedding, creating a beautiful bedroom space
Bed headboards, sleep like a king
Great rugs for generations responsibly made
Curved sofas, elegant and gentle
 

GADGETS

New Cherry microphones for professional sound quality

Mobile Fidelity UltraDeck turntable, extreme pursuit of highest level of reproduction
Nokia G22, good smartphone you can fix yourself
NAD C 3050 LE amplifier, a classic reinvented
Asus Zenbook S 13 OLED, ultralighta and powerful laptop with OLED display
Dynaudio Confidence means pure performance
 

HEALTH

Shortage of nurses should be treated as global health emergency

WHO accuses China Of withholding data on COVID-19 origins after report about raccoon dogs
Wyoming first U.S. state to outlaw abortion pills
Tanzania launches investigations as strange disease kills 5 people
WHO sees COVID posing similar threat to flu this year
New VEXAS syndrome identified in Portugal
 

MEANTIME

New findings released from world's most powerful solar telescope

French court orders fishing bans to protect dolphins
Missouri ordered to reduce pollution levels
Brazilian researchers discover terrifying rocks made up of plastic debris
Glacier found near Mars equator
Neolithic farmers reduced lactose in milk