Singtel ( (SG:Z74) ) just unveiled an update.
Singtel announced that its shareholding in AIS remains unchanged at 23.32% and provided an update on the proposed amalgamation of Intouch and Gulf, scheduled for completion on 1 April 2025. The newly formed entity, Gulf Development Public Company Limited, will begin trading on the Stock Exchange of Thailand on 3 April 2025. Singtel has not yet decided on its stake in Gulf but remains committed to being a long-term investor in Thailand, aiming to support AIS’s growth and maintain its leading position in the telecommunications sector.
More about Singtel
Singapore Telecommunications Limited (Singtel) is a major player in the telecommunications industry, providing a wide range of services including mobile, broadband, and digital solutions. The company is focused on expanding its market presence in Asia, particularly in Thailand, where it holds a significant stake in Advanced Info Service Public Company Limited (AIS).
YTD Price Performance: 3.03%
Average Trading Volume: 10,047
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $40.96B
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