Z78.SI -

YHD - YHD Delayed Price. Currency in USD
At close: 6:07PM EDT
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  • Reuters

    Singtel injects $525 million in Airtel as competition mounts in India

    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.

  • Reuters

    BRIEF-Singtel Group, Axiata Digital To Collaborate In Mobile Financial, Digital Services

    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 ...