Singapore Telecommunications

Facebook said on Monday it planned two new undersea cables to connect Singapore, Indonesia and North America in a project with Google and regional telecommunication companies to boost internet connection capacity between the regions.

Singtel will subscribe to 17 crore shares in the Airtel's rights issue for a total consideration of Rs 3,7500 crore, the Singapore-based company said.

The transaction is subject to the shareholders' approval of Bharti Telecom and the funds raised will be used towards debt reduction, Bharti Airtel said.

Singapore Telecommunications (Singtel) today said it will buy 7.39 per cent stake in Bharti Telecom, the holding company of India's largest telecom firm Bharti Airtel, for $659.5 million (over Rs 4,400 crore).

Singapore Telecommunications Ltd is investing a total of S$2.47 billion ($1.8 billion) to increase its stakes in the top mobile operators of Thailand and India as part of its strategy to boost exposure to emerging markets.

Shares of India's biggest telecommunications company Bharti Airtel jumped as much as 2.68 per cent to hit intraday high of Rs 351.85 after the company joined hands with Singapore Telecommunications to provide high-speed data network coverage across 325 cities in the Asia-Pacific, the Middle-East, Africa, Europe and the US under one network.

Analysts, on average, were expecting Bharti Airtel, headed by Indian billionaire Sunil Mittal and nearly a third owned by Singapore Telecommunications, to earn Rs 1,286 crore in profit.

Singapore Telecommunications Ltd said on Thursday it will increase its effective interest in Bharti Airtel Ltd to 32.34 per cent from 30.76 per cent, paying around 383.6 million Singapore dollars.

Top Indian mobile carrier Bharti Airtel's subscriber growth and usage trends along with easing competition suggest the worst may be over for the industry, even as the firm recorded its thirteenth consecutive quarter of falling profits.

Reliance Industries' telecommunications arm will use Bharti Airtel's submarine cable network to provide data connectivity across Asia Pacific, the two companies announced on Tuesday.

Singapore Telecommunications Ltd (SingTel) said on Thursday it has seen the beginning of some stability in the Indian telecom market partly as its associate Bharti Airtel Ltd has begun to remove discounts on its services.

Singapore Telecommunications Ltd forecast its first drop in annual revenue in 14 years after it posted a weaker-than-expected quarterly profit.

RCom was looking at listing Flag Telecom through a Singapore business trust, Global Telecommunications Infrastructure Trust (GTIT) in Singapore.

Global Telecommunications Infrastructure Trust plans to sell between 642.2 mn-757.6 mn units at a price range of $1.09 to $1.32 a unit.

Sources have said the IPO could be launched in July, but that would be difficult in a volatile market.

Facebook said on Monday it planned two new undersea cables to connect Singapore, Indonesia and North America in a project with Google and regional telecommunication companies to boost internet connection capacity between the regions.

Singtel will subscribe to 17 crore shares in the Airtel's rights issue for a total consideration of Rs 3,7500 crore, the Singapore-based company said.

The transaction is subject to the shareholders' approval of Bharti Telecom and the funds raised will be used towards debt reduction, Bharti Airtel said.

Singapore Telecommunications (Singtel) today said it will buy 7.39 per cent stake in Bharti Telecom, the holding company of India's largest telecom firm Bharti Airtel, for $659.5 million (over Rs 4,400 crore).

Singapore Telecommunications Ltd is investing a total of S$2.47 billion ($1.8 billion) to increase its stakes in the top mobile operators of Thailand and India as part of its strategy to boost exposure to emerging markets.

Shares of India's biggest telecommunications company Bharti Airtel jumped as much as 2.68 per cent to hit intraday high of Rs 351.85 after the company joined hands with Singapore Telecommunications to provide high-speed data network coverage across 325 cities in the Asia-Pacific, the Middle-East, Africa, Europe and the US under one network.

Analysts, on average, were expecting Bharti Airtel, headed by Indian billionaire Sunil Mittal and nearly a third owned by Singapore Telecommunications, to earn Rs 1,286 crore in profit.

Singapore Telecommunications Ltd said on Thursday it will increase its effective interest in Bharti Airtel Ltd to 32.34 per cent from 30.76 per cent, paying around 383.6 million Singapore dollars.

Top Indian mobile carrier Bharti Airtel's subscriber growth and usage trends along with easing competition suggest the worst may be over for the industry, even as the firm recorded its thirteenth consecutive quarter of falling profits.

Reliance Industries' telecommunications arm will use Bharti Airtel's submarine cable network to provide data connectivity across Asia Pacific, the two companies announced on Tuesday.

Singapore Telecommunications Ltd (SingTel) said on Thursday it has seen the beginning of some stability in the Indian telecom market partly as its associate Bharti Airtel Ltd has begun to remove discounts on its services.

Singapore Telecommunications Ltd forecast its first drop in annual revenue in 14 years after it posted a weaker-than-expected quarterly profit.

RCom was looking at listing Flag Telecom through a Singapore business trust, Global Telecommunications Infrastructure Trust (GTIT) in Singapore.

Global Telecommunications Infrastructure Trust plans to sell between 642.2 mn-757.6 mn units at a price range of $1.09 to $1.32 a unit.

Sources have said the IPO could be launched in July, but that would be difficult in a volatile market.