Singtel: (S$4.25) Revived talks on InTouch stake sale; bane or boon?
- Reportedly in talks with Temasek Holdings to acquire part of the latter’s 40.5% stake in InTouch Holdings
- If an agreement is reached, the deal could bring Singtel’s effective stake in AIS to 39.5% from a current 23%
- Maybank KE reckons that whether the potential transaction is positive or negative to Singtel will depend on the deal structure and pricing
- A foreign broker estimates that for earnings to be accretive, Singtel should not pay more than 7.5% premium to its current share price of Bt62.25.
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