The Edge Singapore has reached out to Singtel for a comment.
Last March, Singtel sold a 0.8% stake in Bharti Airtel to GQG Partners through a block deal, worth $950 million as reported by Reuters, taking advantage of an ongoing gain in Bharti Airtel's share price for the past few years.
Following this transaction in March 2024, Singtel owns a 29% stake in Airtel.
Shares in Singapore Telecommunicationsclosed 4 cents down or 1.19% lower at $3.32.
