Singapore Telecom Major To Sell $1.6B Stake In India’s Airtel To Boost 5G, Growth Initiatives
Singapore Telecommunications Limited (OTC: SGAPY) has announced it will sell a 3.3% stake in Indian telecom player Airtel to Bharti Telecom, for approximately S$2.25 billion ($1.61 billion), as part of its capital recycling strategy.
Singapore Economy Registers 7.2% Growth In 2021, Highest In Over A Decade
Shares of U.S.-listed companies rose in Singapore on Monday after government data showed that Singapore’s economy grew 7.2% in 2021, rebounding from a pandemic-induced 5.4% contraction in the previous year.