Singtel reviewing strategic options for its Thai units following bid for them
But prospective buyer's relatively low premium for asset with firm yield appears unlikely to succeed: analysts
Add BT as a preferred source
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".
TRENDING NOW
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
Apex court dismisses almost all of the appeals by Envy’s ex-employees over S$38 million of clawbacks
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Singapore Airlines plans debut 5-year dim sum bond
