SingTel Plans to Sell Stake in Bharti Airtel via Rs 8,500 Crore Block Deal: Report

Reported by Kripa B February 17th, 2025 at 06:30 pm

Singapore-based telecom giant SingTel is considering selling its stake in Bharti Airtel as part of its capital management strategy.

Highlights

The company currently holds 28.9 percent in Bharti Airtel, including a 9.5 percent direct stake via Pastel Limited.
SingTel previously sold a 0.8 percent stake in Bharti Airtel in March 2024.
The telecom giant is focused on optimising financials, with a net debt of USD 7.8 billion.

SingTel Plans to Sell Stake in Bharti Airtel via Rs 8,500 Crore Block Deal: Report
Singapore Telecommunications Limited (SingTel) is reportedly planning to sell its stake in Bharti Airtel through a block deal valued at approximately Rs 8,500 crore, reported CNBC-Awaaz on February 17, citing sources. The company's board is expected to meet this week to discuss the proposed sale as part of its broader capital management strategy.

Also Read: Has Postpaid Lost Its Appeal in India’s Telecom Industry?

Previous Stake Sale

SingTel currently holds around 28.9 percent in Bharti Airtel, including a 9.5 percent direct stake through its subsidiary, Pastel Limited. This move follows a previous divestment in March 2024, when SingTel sold a 0.8 percent stake to GQG Partners at Rs 1,193.70 per share.

Singtel has been focusing on optimising its financials, with its net debt standing at USD 7.8 billion as of September 30, 2024. It is also exploring a SGD 6 billion asset recycling pipeline, according to the report.

Also Read: Bharti Airtel Lands SEA-ME-WE 6 Submarine Cable in Chennai

Upcoming Business Update

SingTel is set to announce its business update for the December quarter on February 19, 2025. The company is a Singapore-based communications group offering services such as mobile, broadband, and TV across Asia, Australia, and Africa.

Reported By

Kripa B

Kirpa B is passionate about the latest advancements in Artificial Intelligence technologies and has a keen interest in telecom. In her free time, she enjoys gardening or diving into insightful articles on AI.