Singtel Said Planning $2 Billion Intouch, Bharti Stake BuysBy
Singtel investment in both companies likely to be in cash
New issuance to raise Temasek’s Singtel stake to about 55%
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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