SingTel

SingTel: Thailand halts auction for 3G mobile phone licenses, dashing hopes for a growth story in Thai telco companies after delays of several years already. Share prices of the top three Thai telcos slumped Friday. This includes Advanced Info Services (AIS), which fell 8.2%; AIS is 19% owned by SingTel and contributes ~4.5% to SingTel’s market cap.