SingTel sells Warid Telecom stake to Abu Dhabi

SINGAPORE Tue Jan 29, 2013 6:07am EST

SINGAPORE Jan 29 (Reuters) - Singapore Telecommunications said on Tuesday it has agreed to sell its entire 30 percent stake in Pakistan's Warid Telecom to a unit of the Abu Dhabi Group for $150 million.

"Excluding the value of any future transaction interest, the estimated loss on disposal will be approximately S$230 million ($186 million), including the foreign currency translation losses and transaction costs," SingTel said in a stock market filing.

For more information, click on ($1 = 1.2387 Singapore dollars) (Reporting by Kevin Lim)