Singtel Updates on AIS Shareholding and Upcoming Amalgamation

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

For a thorough assessment of Z74 stock, go to TipRanks’ Stock Analysis page.