Singtel (Buy, TP: S$ 4.4, +86%) Singtel sold 0.8% stake in Bharti for S$950m
Singtel announced that it sold 0.8% direct stake in associate Bharti Airtel to US-based GQG Partners for S$950m (USD 711m). Our take below.Singapore Telecommunications is engaged in the operation and provision of telecommunications systems and services, and investment holding. Co. provides a range of multimedia and Information and communications technology solutions, including voice, data and video services over fixed and wireless platforms. Within both Singapore and Australia, Co. provides mobile communications, data and Internet, national telephone, information technology and engineering, sale of equipment, international telephone and pay television. Co.'s key businesses include: Group Consumer, Group Digital L!fe, and Group Information and communications technology.
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