Singtel to Pay $1.8 Billion for Stakes in Intouch, Bharti

Updated on
  • Cash deal funded by short-term debt, new share sale to Temasek
  • Intouch share price about 1.9% below Wednesday’s closing price

Singtel Buys Stakes in Bharti Telecom, Intouch

Singapore Telecommunications Ltd. agreed to pay S$2.47 billion ($1.8 billion) for stakes in Thailand’s Intouch Holdings Pcl and India’s Bharti Telecom Ltd. to broaden access to fast-growing wireless markets in Asia and Africa.

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