Singapore Telecommunications Ltd agreed to buy U.S.-based cyber-security firm Trustwave for $810 million, in a deal that will expand Southeast Asia`s largest telecommunications operator`s cloud-based services.
Singapore based telecom firm SingTel, which holds over 30 percent stake in Bharti Airtel, today said it has full faith in the company’s corporate governance standards under the leadership of company's chairman Sunil Bharti Mittal.
Telecom tribunal TDSAT Friday set aside Rs 50 crore penalty imposed by DoT on Bharti Airtel and Tata Communications on charges of violation of international long distance licence norms while providing private lease circuits to SingTel.
Singapore-based SingTel, which holds 32.3 percent stake in Bharti Airtel, Thursday posted 30 percent jump in net profit to Singapore Dollar (SGD) 1,288.7 million for the quarter ended on March 31, 2012.
Singapore Telecommunications (SingTel), Southeast Asia's biggest telecom firm, posted a surprise 2.9 percent fall in its first quarter net profit on Thursday, hurt by weaker contributions from Indian associate Bharti Airtel.
The DoT may ask two leading private operators-- Bharti Airtel and Tata Communications-- to terminate their contracts with SingTel, which was allegedly offering international long distance services here without a licence.
Singapore Telecommunications (SingTel) has bought an additional 1.52 per cent stake in India’s largest private telecom Bharti Airtel and will pay up to Rs 3008.4 crore in three installments ranging over 18 months.
MTN`s USD 23 bn deal to merge with Bharati Airtel is being delayed as the company does not want to "lose its identity" and wants its South African base to be the "mother ship" of the new entity that will span two continents.