Singtel

Singtel: Yday’s strength might have been due to Bharti Airtel exploring to list its tower business Bharti Infratel to raise funds which would be the largest after Coal India’s listing in Feb 2010. However, this is not the first time that Bharti Infratel is looking at an IPO and prev plans were called off due to other partners suggesting different plans. The proposed issue is expected to issue 10% of capital valued at US$8-9b.