Feb. 18 (Bloomberg) -- Singapore Telecommunications Ltd. should explain to shareholders why the company allowed associate Bharti Airtel Ltd. to bid for Zain’s African wireless assets, instead of offering to buy the businesses directly, analysts at Deutsche Bank AG said.“This is one of the few African portfolios potentially available, and it is not clear how STel’s shareholders benefit from indirect exposure to Africa,” the Deutsche Bank analysts including Hong Kong-based William Bratton wrote in a report yesterday. “We are increasingly puzzled by STel’s international strategy.” Full Story
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Deutsche Bank ‘Puzzled’ by SingTel’s Strategy After Bharti Bid - BusinessWeek
'STel must tell why it didn’t bid for Zain' - The Economic Times
