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.

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