Singtel reviewing strategic options for its Thai units following bid for them

Singapore

MAINBOARD-LISTED Singtel is reviewing its options in relation to Advanced Info Service (AIS), after an energy player launched a bid for the Thai telecoms operator and its controlling shareholder on Monday.

Calling its stakes in Intouch Holdings and AIS "strategic investments", Singtel said in a bourse filing that "we believe in the long-term outlook of the businesses", and will ensure that Intouch and AIS shareholders "get the full benefit of the intrinsic value".