SingTel Says It Wants To Increase Stake In India Bharti
SINGAPORE -(Dow Jones)- Singapore Telecommunications Ltd. (T48.SG) Friday said it wants to raise its 30.8% stake in Bharti Televentures Ltd., India's largest mobile operator.
"We are interested to increase our stake. It depends on the right price and conditions," a SingTel spokesman told Dow Jones Newswires.
The comments from SingTel, Southeast Asia's largest telephone company by market capitalization, come after Vodafone PLC earlier Friday said it had bought a 10% stake in Bharti Televentures for around US$1.5 billion.
SingTel holds its stake in Bharti Televentures through Bharti Telecom Ltd.
-By Jessica Tan, Dow Jones Newswires;
65 6415 4155; jessica.tan@dowjones.com
-Edited by Stephen Wright
(END) Dow Jones Newswires "
Posted to the site on 28th October 2005
