Bharti Telecom

Singtel to buy US$525 mil worth of stock in India's Bharti Airtel
(Mar 7): Singapore Telecommunications (Singtel) said it will buy roughly US$525 million ($712.4 million) worth Bharti Airtel stock as part of the Indian telecoms operator's plan to raise US$4.6 billion through new shares and bonds. The fund raising plan, announced last month, is aimed at cutting debt and shoring up Bharti Airtel's balance sheet as the Indian telecom industry reels from the ...
Why investors should 'buy' Singtel in spite of rising competitive risks: RHB
SINGAPORE (Mar 15): RHB is reiterating its “buy” call on Singtel given its underperformance over the past year following its selldown. RHB has also updated the target price to $4.10 to reflect a higher effective stake in Bharti Airtel. The rerating comes after Singtel’s recent completion of its purchase of an additional 1.7% stake in Bharti Telecom for $539.4 million, which ...
Singtel increases stake in Bharti Airtel to 39.5%
SINGAPORE (Feb 5): Singtel has increased its effective stake in Bharti Airtel by 0.9 percentage points to 39.5%. This comes after wholly-owned subsidiary, Singtel International Investments, acquired a 1.7% stake in Bharti Telecom for INR26.5 billion ($555.6 million) to 48.9%. Singtel International will be subscribing to new shares in Bharti Telecom under a proposed preferential ...
Singtel to pay $2.5 bil for Temasek’s stakes in Intouch, Bharti
SINGAPORE (Aug 18): Singapore Telecommunications agreed to pay $2.47 billion for stakes in Thailand’s Intouch Holdings and India’s Bharti Telecom to broaden access to fast-growing wireless markets in the countries and in Africa. Singtel will pay 60.83 baht per share ($2.36 per share) for a 21% holding in Intouch and 235.62 rupees a share ($4.72 a share) for 7.39% of Bharti Telecom in cash ...
Singtel to acquire shares in Intouch and Bharti Telecom from Temasek for $2.5 bil in total
SINGAPORE (Aug 18): Singtel has entered into conditional share purchase agreements with Temasek to acquire 21% of Intouch Holdings pcl and 7.39% of Bharti Telecom for a total consideration of $2.47 billion. Singtel will pay Temasek THB60.83 ($2.36) for each share of Intouch and INR235.62 ($4.72) for each share of Bharti Telecom. The acquisitions will be settled fully in cash. This ...