At present, SingTel owns 30.5% stake in Bharti Airtel. “The initial talks have started. SingTel is keen on it,” a source close to the deal said. The news comes at a time when Vodafone’s chief executive Arun Sarin revealed that he would be making a formal offer for the Hutchison Essar early next month.
Monday, January 29, 2007
Singapore's Singtel interested in Vodafone's 10% stake in Bharti
Some news on the Vodafone-Hutchinson Essar-Bharti Airtel deal. Singapore's largest telecom group, Singtel is reportedly interested in picking up Vodafone's 10% state in Bharti Airtel. If Vodafone wins the $18 billion auction of Hutchinson Essar, it will be offloading its stake in Bharti Airtel.
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