$1.8 Billion to be invested by Sing Tel in Thailand and India groups

According to the reporters, on Thursday, Singapore Telecom had said that it would spend $1.8 billion in order to take a stake in Thailand`s Intouch and raise its share of India`s Bharti, boosting its access to fast growing Asian and African mobile markets.

Sing Tel is said to be the South east Asia`s biggest telecom group by revenue. It would acquire 21 percent of Intouch and an additional 7.39 percent in Bharti Telecom from state-linked investment company Temasek.

As said by Sing Tel chief executive Chua Sock Koong in a statement, “This is a unique opportunity for us to deepen our relationships with two great market leaders.

Intouch is said to be the largest shareholder in Thailand`s top mobile operator Advanced Info Services.

Bharti Telecom Limited is the India`s largest telecommunications company and is the holding company of Bharti Airtel.

The two operators have a combined mobile customer base of not less than 380 million people across Asia and Africa, said Sing Tel.

Stakes in mobile operators are also been hold by Sing Tel in the Philippines and Indonesia, and has a wholly owned subsidiary in Australia called Optus.

About The Author

David Nataf started his career as co-founder of Net Development, a leading French web integrators, employing 80 people. After the merger of Net Development with Reef publisher, David joined the law firm, Jean-Pierre Millet, with the defense of computer attackers and victimes specialty ("hackers") in cases between different organizations such as NSA or other members of the international interception 'Echelon' network from the UKUSA treaty or the US Air Force. He is the author of several books on information warfare, consultant for the European Parliament as an expert in computer security (SSI) and electromagnetic signals intelligence (SIGINT). David Nataf successively launched several start-ups of the Internet in the field of paperless technologies termination of contracts online ("resilier.com"); online subscription to early stage fundraising foreshadowing the model will retain more later the platform "gust.com", or free roaming mobile operators (MVNO). Given his specialty at the cross road of anti computer crime legal advising, Internet technology, media and anti-propaganda operations, David has naturally become an actor's influence on the Web, working for a think-tank representing french defense and Aerospace. He is architecting crypto farms and masternodes for cryptocurrencies in Asia and Israel technological parks. He graduated in Law from the Faculty of Paris, is a passionate graduated gemologist by Gemological Institute of America "GG", Gemmological Association of Great Britain "Cert-Ga", practical daily triathlon.

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