SingTel’s Airtel stake reaches 32.25%

12 Apr 2011

Dow Jones Newswires reports that Singapore Telecommunications (SingTel) has increased its stake in Indian telecoms heavyweight Bharti Airtel to 32.25% by buying 2.83 million shares for INR934 million (USD21 million). In a filing to the Singapore Stock Exchange, SingTel said it purchased the shares on the open market via wholly owned unit Viridian Ltd. According to TeleGeography’s GlobalComms Database, SingTel had an indirect equity interest in Bharti Airtel of 32.15% as of mid-January 2011.

India,SingTel Group, Bharti Airtel,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share