Singapore Telecommunications (Singtel) has restarted discussions to buy a portion of Singaporean state investment firm Temasek Holdings’ USD2.4 billion stake in Thai satellite/telecoms investment group InTouch Holdings (formerly Shin Corp), according to people familiar with the situation cited by the Wall Street Journal (WSJ). Temasek – which is Singtel’s controlling stakeholder – has a 41.6% direct stake in InTouch, which in turn is the largest shareholder (40.5%) in Thailand’s market leading mobile operator Advanced Info Service (AIS), with Singtel currently holding a 23.3% direct stake in AIS, according to TeleGeography’s GlobalComms Database. The WSJ adds that Singtel is discussing the exact size of the Intouch stake that it may buy from Temasek, according to the unnamed sources. Intouch, which trades on the Thai stock exchange, currently has a market capitalisation of USD5.9 billion. Singtel revived talks to purchase the holding from Temasek after exploring a similar deal in 2013.