Singtel sells Bharti Airtel stake for $1.16 billion
pre-market1 source ↓written by the desknot a recommendation
- Singtel divested
- 0.8% stake
- to fund digital
- $1.16 billion
- Singtel's stake
- 27.5%
Singapore Telecommunications (Singtel) divested a 0.8% stake in Bharti Airtel for $1.16 billion to fund digital investments. This sale reduces Singtel's stake to 27.5%, generating approximately S$1.1 billion in profit. The move aligns with Singtel's S$9 billion asset recycling strategy aimed at enhancing 5G and digital growth.
Not investment advice. For informational purposes only.