Singtel keeps cards close to chest on Bharti Airtel share sale rumours

30 May 2022

Singtel Group is remaining tight-lipped over recent media speculation that it is considering selling a stake in Indian operator Bharti Airtel for as much as USD2 billion. Mobile World Live cites a stock market statement from Southeast Asia’s largest telco – responding to reports in the Business Times and The Economic Times (ET) – claiming that Bharti remains ‘a core part of its international portfolio’. However, it declined the opportunity to quash the rumours entirely saying only: ‘As for the media hearsay, we do not comment on market speculation and abide by market disclosure rules pertaining to material transactions.’

India, Singapore, Bharti Airtel, Singtel Group