Singtel raises stake in Thai subsidiary Intouch in $216m deal

Singtel raises stake in Thai subsidiary Intouch in $216m deal

Photo by Keiichiro Asahara

Singapore Telecommunications (Singtel) on Thursday proposed to raise its stake in Thailand-headquartered subsidiary Intouch Holdings from 21.21% to 24.99% by acquiring an additional 3.78% stake from Temasek’s wholly-owned subsidiary Anderton Investments.