|Bid||3.2400 x 0|
|Ask||3.2600 x 0|
|Day's Range||3.2300 - 3.2700|
|52 Week Range||2.8300 - 3.5500|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
SINGAPORE/BANGALORE (Reuters) - Singapore Telecommunications Ltd (Singtel) said it will buy roughly $525 million worth Bharti Airtel stock as part of the Indian telecoms operator's plan to raise $4.6 billion through shares and bonds. Airtel hopes to use the money to cut debt and shore up its balance sheet at a time when the broader Indian telecom industry is grappling with a price war triggered by the entry of Reliance Jio Infocomm Ltd. Under the fund raising plan, announced last month, Airtel plans to sell new shares worth 250 billion rupees ($3.6 billion) for 220 rupees apiece, or a nearly 30 percent discount to its current stock price.
Feb 27 (Reuters) - Singapore Telecommunications Ltd : * SINGTEL GROUP AND AXIATA DIGITAL TO COLLABORATE IN MOBILE FINANCIAL AND DIGITAL SERVICES * BOTH SINGTEL AND AXIATA DIGITAL PLAN TO JOINTLY PROMOTE ...
Singapore Telecommunications Ltd on Thursday reported a 14 percent drop in third-quarter net profit, due partly to intense competition in India and the impact of network investments by regional associates, and forecast a small decline in full-year earnings. Singtel, Southeast Asia's largest telecom operator, posted net profit of S$823 million ($605 million) for the three months ended in December, compared with S$959 million a year ago. Underlying net profit, which excludes one-time items, fell 28 percent to S$680 million, with its results also hurt by the rising shift from voice to data and margin erosion in traditional carriage services, the company said.