FILE PIX: A Singtel booth is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019. REUTERS/Anshuman Daga/File Photo
Singapore Telecommunications (Singtel) announced on Thursday a $1.6 billion share buyback plan and an expanded target for monetising assets, sparking a surge in its shares to their highest in nearly nine years.
Southeast Asia’s largest telecom operator said it will buy back S$2 billion ($1.55 billion) worth of its shares over the next three years.
