Bharti Telecom to purchase 3.3% stake in Airtel from Singtel
Shortpedia
Content Team
Image Credit: NewsBytes
Singtel (Singapore Telecommunications Ltd.), the biggest telecom company in South East Asia, has decided to sell 3.3% of its stake in Airtel. The company will sell its shares for an aggregate amount of SGD 2.25 billion (roughly Rs. 12,900 crore) to Bharti Telecom Ltd. Pastel Ltd. and Viridian Ltd., two Singtel units, reached an agreement with Bharti Airtel to sell the shares.
