Airtel remains a core investment in our international portfolio: Singtel

Singtel seeks to unlock value of regional associate companies

Singapore-based Singtel made its intent about strategic investments in regional associates and joint venture companies (which include Bharti Airtel) clear on Friday.

Singtel wants the value of these companies to be reflected in its shares. It also wants to increase shareholder returns. It is doing so by unlocking value and reallocating capital, a move through which it has raised Singapore $2 billion in FY22.  

The elaboration of its strategy, however, comes at a time when there are reports about its intention to sell 2 per cent stake in Bharti Airtel for around US $1 billion. However the company, in a