Bharti Telecom Singtel

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Midst of rising 4G competition, Singtel increases its stake in Bharti Telecom

The Singaporean telecommunications company Singtel has announced its plan to buy an additional 7.39% stake in Bharti Telecom Ltd for a cost of $659.5 million. This will raise Singtel’s holding in Bharti Telecom up to 46.39%. Mittal’s family holds the 51% stake in the company. Singtel acquires this 7.39% stake from Singapore-based investment company Temasek owned by the Government of Singapore. The investment comes ahead of Reliance’s Jio’s launch in… Read More

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