SINGAPORE: Singapore Telecom said it will spend US$1.8bil (RM7.18bil) to take a stake in Thailand’s Intouch and raise its share of India’s Bharti, boosting its access to fast-growing Asian and African mobile markets.
SingTel, South-East Asia’s biggest telecom group by revenue, will acquire 21% of Intouch and an additional 7.39% in Bharti Telecom from state-linked investment company Temasek.
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