Singtel

Singtel: TOT has dropped the case for $1.5b against Singtel’s 21% owned AIS for additional revenue sharing in Thailand. This case was earlier brought up in Feb 2011 by TOT after a committee set up to investigate joint public/private ventures. Singtel trades at 12.0 fwd P/E with 5.1% indicative div yield and Starhub at 15.8x with 7.0%