SingTel ups Bharti Telecom stake for $296m
SingTel has acquired an additional 3.62% in India's Bharti Telecom (BTL), which controls leading mobile carrier Bharti Airtel, from Temasek Holdings.
According to an exchange filing, SingTel will pay INR18.59 billion ($296.4 million) for 788,538 shares at INR23,578.45 apiece, taking its stake in BTL from 36.16% to 39.78%. The deal allows the Singapore...
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