SingTel looking to up stake in Bharti

Posted on | November 11, 2005 |

SingTel, which holds a 31% stake in Bharti Televentures, on Wednesday said it was open to increasing its stake in the company subject to the right price.

When asked whether Vodafone, which recently bought a 10% stake, would be comfortable in case SingTel decided to raise its stake in the company, Bobby Leach, Head - Group media relations, Vodafone had said: “I don’t think they (SingTel) intend to increase the stake in Bharti.

Now they know better. This lays to rest all speculation about SingTel wanting to exit Bharti or playing second fiddle.

Comments