SINGTEL GROUP
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.
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.
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%.
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.
Plan afoot for Singtel, Mittals to equalise direct stake in Bharti Airtel
Singtel at present directly owns 9.5% in Bharti Airtel through its affiliate, Pastel Ltd, while the Sunil Mittal-led promoter family holds a 3.31% direct stake through Indian Continent Investment Ltd (ICIL), a promoter group entity. Industry executives said the exercise is part of Singtel’s plans to boost shareholder returns and increase returns on invested capital.
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.
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.
Bharti Telecom acquires 3.33% Airtel stake from Singtel in $1.61 billion deal
The Singapore company’s effective holding in Bharti Airtel will drop to 29.7% from 31.4%. Its reduced holding in Airtel will include a 19.2% (up from 17.5%) indirect stake through BTL and a 10.5% ( down from 13.9%) direct stake.
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”.
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.
Bharti Airtel advances 2% as Singtel hikes stake in holding company
Singtel said it had entered a conditional share purchase agreements with state investor Temasek Holdings to acquire 7.39% stake in Bharti Telecom.
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, Samsung join hands to accelerate mobile data growth
SingTel Group and Samsung unveiled some joint initiatives such as marketing, content etc. to bring seamless mobile data experience for customers.
SingTel, Samsung tie up for pushing mobile broadband usage
Gopal Vittal, MD and CEO, Bharti Airtel said the company’s tie-ups with Samsung have helped “propel smartphone penetration and data adoption in the country”.
Singtel Q3 net profit down 8.3% at Rs 3,603 crore
The company reported net profit attributable to shareholders of Rs 39,28.29 crore, at exchange rate of Rs 43.54 per Singapore Dollar.
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 Q3 net dips due to 3G losses at Bharti Airtel
Singtel attributed the decline to high customers acquisition cost and 3G losses from Bharti Airtel in India.
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