Singtel to Sell Its 3.3 Percent Stake in Airtel to Fund 5G Operations: Report

Singtel to Sell Its 3.3 Percent Stake in Airtel to Fund 5G Operations: Report

Airtel recently received the 5G spectrum allocation letter from Department of Telecom India. Now, Singapore Telecommunications (Singtel) will be selling its 3.3 percent direct stake in Indian telecom giant, according to a report. Singtel will raise about SGD 2.25 billion (roughly Rs. 12,900 crore) from the sale, and will reportedly…