Singapore's SingTel says that it may offer financial assistance to India's Bharti Airtel in its attempt to buy Zain's African mobile networks, a senior SingTel executive has told Reuters. SingTel owns just under a third of the Indian company.SingTel added that the acquisition would be financed by debt, and there was no need to inject money directly into Bharti Airtel.
"In one way or the other we will be part of the funding, we are a very substantial shareholder of Bharti," SingTel's CEO International Lim Chuan Poh said in an interview. Full Story
Related:
SingTel to be part of Bharti/Zain deal funding - The Economic Times
SingTel may join Bharti Airtel to fund Zain assets buy - Total Telecom
SingTel signals support for Bharti/Zain deal - Reuters Africa
Bharti may receive funding from SingTel for Zain acquisition' - domain-b.com
