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Singapore Telecommunications Ltd. (Singtel) agrees to purchase stakes in Thailand's Intouch Holdings PCL and India's Bharti Telecom Ltd. from Temasek Holdings for $1.84 billion. Singtel plans to acquire a 21% stake in Intouch Holdings, the largest telecommunications company in Thailand, and increase its stake in Bharti Telecom by 7.39%. This move aligns with Singtel's growth strategy, expanding its presence in key Asian markets and diversifying its portfolio.
Tuesday, 16 August, 2016