Singtel incurs additional $911 million charges from India’s Bharti Airtel stake

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Singtel incurs additional $911 million charges from India’s Bharti Airtel stake

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01-08-2020, 09:20 PM

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Singtel incurs additional $911 million charges from India’s Bharti Airtel stake

An honorable member of the Coffee Shop Has Just Posted the Following:

Singtel announced today (30 Jul) that Singtel has incurred additional charges of S$911 million from its equity share of its associate Bharti Airtel, which has been dogged by stiff competition and regulatory woes in recent years.

Currently, Singtel’s effective shareholding in Airtel is 31.9%. Other than Singtel, GIC has also invested in Airtel.

Airtel announced its results for the quarter ended 30...

Singtel incurs additional $911 million charges from India’s Bharti Airtel stake

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