Singtel Said Planning $2 Billion Intouch, Bharti Stake Buys

Updated on
  • Singtel investment in both companies likely to be in cash
  • New issuance to raise Temasek’s Singtel stake to about 55%

A pedestrian walks past a Singapore Telecommunications Ltd. store in Singapore.

Photographer: Nicky Loh/Bloomberg

Singapore Telecommunications Ltd., the city-state’s biggest phone company, plans to spend about $2 billion to invest in Thailand’s Intouch Holdings Pcl and raise its stake in India’s Bharti Telecom Ltd., according to people with knowledge of the matter.

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