Singapore Telecommunications Ltd (STEL.SI)
24 Mar 2017
March 17 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:
SINGAPORE Singapore telecom firm M1 Ltd's three biggest shareholders, who own about 60 percent in the company, are evaluating selling their stakes, in the first recent sign of M&A activity in the local sector which is set to see increased competition.
* Singapore's telecom sector set to see increased competition (Recasts with statement from M1 shareholders; adds industry details)
SINGAPORE, March 17 Singapore telecom firm M1 Ltd's three biggest shareholders are evaluating selling their combined stakes worth more than S$1.14 billion ($813.5 million) in the company, a source aware of the matter said on Friday, as the firm called for a trading halt.
(The following statement was released by the rating agency) SINGAPORE, February 24 (Fitch) Singapore Telecommunications Limited's (Singtel, A+/Stable) proposed acquisition of Silicon Valley's Turn, if debt-funded, would weaken Singtel's net leverage slightly, but proceeds from the divestment of Singtel's stake in wholly owned Singapore subsidiary NetLink Trust should provide Singtel with additional financial headroom, says Fitch Ratings. Singtel has a mandated April 2018 deadline set by the
* Acquisition is subject to regulatory approvals and expected to be completed within first half of 2017 Source text for Eikon: Further company coverage:
BRIEF-Singtel CEO says will continue to see if there are opportunities to raise stakes in associates
* Singtel CEO says plans to divest stake in Netlink Trust via IPO
BRIEF-Singapore Telecommunications sees FY17 operating revenue from core business to decline by low single digit level
* Sees FY group free cash flow8 (excluding dividends from associates) to be approximately S$1.5 billion
* Qtrly profit after tax attributable S$972.8 million versus S$953.5 million Source text for Eikon: Further company coverage:
HONG KONG, Nov 17 Singapore Telecommunications hired three banks to manage an initial public offering (IPO) of up to $2.5 billion for its broadband subsidiary NetLink Trust, IFR reported late on Thursday, citing people close to the deal.