Singtel rebuffs report of Bharti stake sale
Singtel rebuffed media reports suggesting it was considering selling part of its stake in Bharti Airtel.
Singtel rebuffed media reports suggesting it was considering selling part of its stake in Bharti Airtel.
Singtel sold a 1.6 percent stake in Airtel Africa via a market placement, raising net proceeds of around S$150M, the telco said Friday.
Singapore company briefs: Toyota Financial Services and SPH, Singtel and Bharti Airtel, City Developments, LS 2 Holdings and TalkMed Group.
Singapore company briefs: Singtel, Bharti Airtel, and Google; Sembcorp Industries, Frasers Property, Viking Offshore and Marine and King Wan.
SG stocks Thurs., 6 Jan. 2022: ALOG, ESR-REIT, Cromwell E-REIT, MCT, MNACT, Singtel, Roxy-Pacific, Viking Offshore, Pan-United, Marco Polo Marine and Vividthree.
Singtel plans to subscribe to its associate Indian telco Airtel’s rights issue for up to around US$405B over a period of up to three years.
Airtel Africa set the price range Monday for its initial public offering (IPO) at 80 pence to 100 pence a share, the telco said in a filing to the LSE.
Airtel Africa plans to proceed with an IPO on the London Stock Exchange, aiming to raise US$750 million, Bharti Airtel said Tuesday.
Singtel completed its subscription to 170.10 million new shares of Bharti Airtel under its rights issue, the Singapore telco said Wednesday.
These are Singapore companies which may be in focus on Wednesday, 28 May 2019: Singtel, Frasers Property, Perennial Real Estate and Accordia Golf Trust.
Airtel Africa plans to seek a potential IPO on the London Stock Exchange, India’s Bharti Airtel said in a letter to the Indian stock exchanges Tuesday.
Singtel’s decision to subscribe for money-losing Bharti Airtel’s rights issue was the right decision, CGS-CIMB said Thursday.