SINGTEL
STT Global’s India biz on the block; micro occasions power qcomm
KKR, Singtel, and the Tatas are preparing to sell STT GDC India, a major data centre platform. This and more in today’s ETtech Top 5.
KKR, Singtel and Tata Communications put data centre company STT GDC India up for sale at over $5.5 billion
In a significant move, KKR, Singtel, and Tata Communications are gearing up to offload STT Global Data Centres India, anticipating a valuation that could surpass $5.5 billion. This initiative underscores their intent to bolster capital and refine strategic objectives. With 34 data centres in operation, STT GDC India stands as a leading co-location service provider, well-poised to capitalize on the escalating appetite for data infrastructure amidst evolving tech trends.
Lightstorm’s India-Southeast Asia subsea cable system to be ready in 2029, says CTO
Lightstorm is a network provider that builds high-capacity optical fibre and AI-native connectivity platforms across the APAC region. The I-2SEA cable system, announced in July this year, will connect India’s east coast with Singapore and Malaysia. It will land at South Chennai and Machilipatnam in India, and at Singapore and Morib in Malaysia.
Singtel seeks FDI approval to enter India’s satellite communications market
Singtel plans to enter India’s emerging satellite communications (satcom) market, targeting public and private enterprises through its Indian subsidiary Singapore Telecom India.
Global Market: Singtel Q1 profit beats estimates on strong Optus, regional contributions
Singtel reported a better-than-expected Q1 FY27 underlying net profit, driven by Optus, regional associates including Bharti Airtel and AIS, and growth in digital and data centre businesses. However, its Singapore telecom operations remained under pressure from intense competition.
Singtel sells 1.2% stake in Bharti Airtel via private placement for Rs 13,180 crore
Singtel divested a 1.2% stake in Bharti Airtel for approximately ₹13,180 crore through a private placement, yielding a gain of ₹9,224 crore. The sale, part of Singtel's capital management, saw strong interest from global and Indian institutional investors. Following the transaction, Singtel's effective holding in Airtel will decrease to 28.3%.
- Go To Page 1
Singtel sells 1.2% direct stake in Airtel for around Rs 13,182 crore via pvt placement
Singtel divested a 1.2% direct stake in Bharti Airtel for $1.54 billion, realizing a $1.08 billion gain. The sale, executed via private placement, saw strong interest from institutional investors. Following the transaction, Singtel's effective holding in Airtel will decrease to 28.3%, while the Mittal family's stake remains unchanged at approximately 22.93%.
Singtel, Mittal family may sell more shares in telco to outside investors: JM Financial report
Bharti Airtel promoters, Singtel and the Mittal family, are expected to sell more shares to balance their stakes in the company. Currently, Singtel owns 29.49% while the Mittal family holds 22.93%. This move aims to reduce debt and fund initiatives. Recent sales to investors like GQG Partners and SBI Life Insurance highlight this trend.
KKR, Singtel gets Competition Commission's approval to acquire stake in STT GDC
India's Competition Commission (CCI) has approved a significant investment deal. KKR and Singtel will acquire a stake in STT GDC, a major data center provider in Southeast Asia. The deal, valued at USD 1.3 billion with potential for further investment, marks the largest digital infrastructure investment in the region this year.
Telecom major Singtel confirms no intention to divest Australian telco Optus
Singtel, majority-owned by Singapore sovereign investor Temasek, in March denied an AFR report that it was offloading Optus to Canada's Brookfield for up to $12 billion.
Singtel shares fall more than 1% after Optus stake sale reports
Shares of Singtel were last down 0.8%, after sliding as much as 1.6% earlier in the session. The shares rose nearly 4% on Wednesday.
Singtel sells 0.8% stake in Airtel to GQG Partners for Rs 5,885 crore
Singapore Telecommunications (Singtel) has sold a 0.8% stake in Bharti Airtel to US investment firm GQG Partners for around ₹5,884.8 crore (S$950 million) as part of its value unlocking strategy. The sale aims to raise funds for data centres and other ventures. Singtel's stake in Bharti Airtel will drop to 29% after the transaction, valued at around $33 billion.
Optus parent Singtel says safety systems, not routine upgrade, caused outage
More than 10 million Australians were hit by the network blackout at the Singapore Telecommunications-owned (SingTel) telecom firm on November 8, frustrating customers and raising wider concerns about its telecommunication infrastructure.
KKR to acquire stake in SingTel's regional data centre unit for $807 mln
Global investment firm KKR will acquire a 20% stake in Singapore Telecommunications' (SingTel) regional data centre business for S$1.1 billion ($806.87 million). SingTel and KKR said the deal will be used to expand the data centre's business across Southeast Asian markets. KKR has the option to increase its stake to 25% by 2027.
Singtel completes sale of 3.33% stake in Bharti Airtel
Last month, Singtel announced plans to sell a 3.33% stake in Airtel to BTL as part of plans to boost shareholder returns and increase return on invested capital.
Singtel sells 1.6% in Airtel to Bharti telecom for ₹7,262 crore
Pastel, a Singtel affiliate, sold 94 million shares-or 1.6% of Airtel's equity-in the Indian telco at ₹772.5 a piece to BTL, according to NSE block deal data.
Mittal family's plan to buy Airtel stake from Singtel hits valuation bump
Singtel has been a shareholder in Bharti Airtel since 2000. The Mittal family and Singtel own 50.56% and 49.44%, respectively, in Bharti Telecom, which, in turn, holds a 35.85% stake in Bharti Airtel.
Singtel FY22 net profit rises 11% on sturdy recovery in Airtel
Singtel added that its regional associates’ pre-tax contributions rose 21% to $2.07 billion, “driven by Airtel’s double-digit increases in operating revenue and Ebitda as it staged a sturdy recovery in India and saw sustained growth in its African operations”.
Singtel set to dial Sunil Mittal to sell part stake in Bharti Airtel
Singtel and the Mittal family are shareholders in Bharti Telecom, a promoter company of Bharti Airtel. In addition, both own shares directly in Bharti Airtel. While the exact quantum and details of the transaction have not yet been worked out, people in the know said the Singapore company could sell stake worth $1-2 billion to the Indian promoter through a mix of Bharti Telecom and Bharti Airtel share sales.
Singapore's Singtel says personal information of 1,29,000 users stolen in data breach
Singtel, an associate of Bharti Airtel, has completed initial investigations into the breach and established which files on the Accellion file transfer appliance (FTA) were accessed illegally, reported Channel News Asia on Wednesday, citing the company's news release.
SingTel deserves I-T refund for gifting Airtel stake to GIC
SingTel renounced part of the rights in favour of Singapore’s sovereign wealth fund for free.
Singtel to pick 7.39% stake in Bharti Telecom for $659 million
Singtel said it will buy the stake in unlisted Bharti Telecom from Singapore government-owned sovereign wealth fund Temasek to increase its holding to 46.39%.
Singtel net profit up 13% to Rs 4,446.24 crore
"Excluding exceptional items, underlying net profit grew 2 per cent. This would have grown 5 per cent on a constant currency basis," Singtel said.
NRI Samba Natarajan appointed CEO of digital division of Singtel in Singapore
Group Digital Life is a division of Singtel that focusses on digital marketing, regional premium video, and advanced analytics.
SingTel to be first to own 100% stake in Indian telecom firm
SingTel's Global (India) Pvt Ltd's proposal has been cleared, said Department of Economic Affairs Secretary Arvind Mayaram, who heads the FIPB.
SingTel seeks FIPB nod to buy out Indian partners Bharti Enterprises and Leela India's stakes
SingTel has sought the govt’s approval for buying out the stake of its minority Indian partners-Bharti Enterprises and Leela India.
SingTel denies violation of ILD licence norms
SingTel denies having violated any International Long Distance licence norms as alleged by CBI, which registered a case against it for causing a loss to the exchequer.
SingTel Global to double headcount in India
Singtel Global (India), which provides data network services in the country, is looking to expand its operations in five more cities, including Jaipur and Ahmedabad, and double its workforce by 2014.
SingTel raises stake in Bharti Airtel to 32.25 pc
Singapore-based SingTel has increased its stake in one of India's largest telecom companies Bharti Airtel to 32.25 per cent, with the purchase of shares worth about Rs 93 crore.
Load More
