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SGX: Index takes cue from Wall St (Business Times (Malaysia))

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ASIAN markets were given a strong cue from Wall Street, where US stocks rose 0.46 per cent. Singapore’s STI index closed 0.78 per cent or 21.59 points higher at 2,790.29. Singapore Airlines closed 66 cents higher at S$15.90 while Singapore Telecommunications was two cents up at S$3.07. – Agencies (more business here…) Related items Singapore down for...
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Aberdeen Asset Buys Vodafone on ‘Uncertain’ Recovery (Update1) (Bloomberg)

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Feb. 24 (Bloomberg) — Aberdeen Asset Management Plc has bought more Vodafone Group Plc and Singapore Telecommunications Ltd. shares because they’re sheltered from possible shocks that may derail a global economic recovery. (more business here…) Related items SingTel Beats Estimates on Gains in Singapore, Indonesian Unit (Bloomberg) (AFX UK Focus) 2010-02-12 06:05 Thai AIS Q4 net profit surges,...
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(AFX UK Focus) 2010-02-19 04:09 RPT-India’s Bharti may sell shares to SingTel-report (Interactive Investor)

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MUMBAI, Feb 19 (Reuters) – India’s largest mobile services operator Bharti Airtel may sell shares to Singapore Telecommunications to partly fund its purchase of Zain’s African assets and avoid taking on too much debt, the Economic Times newspaper said on Friday. A share sale to SingTel, which owns about 30 percent in the Indian...
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Bharti May Sell Shares to SingTel to Fund Buy, Eco. Times Says (Bloomberg)

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Feb. 19 (Bloomberg) — Bharti Airtel Ltd. may sell shares to Singapore Telecommunications Ltd. to part fund its purchase of Zain’s Africa assets, the Economic Times reported, citing a person familiar with the matter that it didn’t name. (read the story…) Related items (AFX UK Focus) 2010-02-19 04:09 RPT-India’s Bharti may sell shares to SingTel-report (Interactive Investor) SingTel...
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Deutsche Bank ‘Puzzled’ by SingTel’s Strategy After Bharti Bid (Bloomberg)

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Feb. 18 (Bloomberg) — Singapore Telecommunications Ltd. should explain to shareholders why the company allowed associate Bharti Airtel Ltd . to bid for Zain’s African wireless assets, instead of offering to buy the businesses directly, analysts at Deutsche Bank AG said. (more business here…) Related items SingTel Beats Estimates on Gains in Singapore, Indonesian Unit (Bloomberg) SingTel Third-Quarter...
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Bharti in $10.7 bn talks for Zain Africa assets (CIOL)

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Zain’s board has approved the sale to Bharti, which is controlled by billionaire Sunil Mittal and 30 percent-owned by Singapore Telecommunications Ltd, state news agency KUNA and a person familiar with the matter had said on Sunday. (read the story…) Related items Bharti confirms RM36.5b bid for Zain Africa assets (The Malaysian Insider) Aberdeen Asset Buys Vodafone on...
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