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Singtel sells Gulf Development shares for $1 billion

The sale will fund growth and return more money to shareholders. Read more at straitstimes.com. Read more at straitstimes.com.

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forbes.com

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straitstimes.comStai leggendo1 mese fa

Singtel sells Gulf Development shares for $1 billion

Singtel raised $1B selling 2.8% stake in Gulf Development, accumulating $6.8B in asset-recycling since 2024. Proceeds fund record dividend and buybacks plus digital infrastructure—showing how telcos monetize non-core assets for shareholder value and tech modernization.

originale

cnbc.com1 mese fa

Singtel sells $773 million Thai energy stake as it ramps up AI and data center investments

Southeast Asia's largest telecom operator sold 2.8% stake for about S$1 billion in Gulf Development.

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Timeline cronologica

martedì 23 giugno 2026·cnbc.com
Singtel sells $773 million Thai energy stake as it ramps up AI and data center investments
Southeast Asia's largest telecom operator sold 2.8% stake for about S$1 billion in Gulf Development.
martedì 23 giugno 2026·straitstimes.com
Singtel sells Gulf Development shares for $1 billion
The sale will fund growth and return more money to shareholders. Read more at straitstimes.com. Read more at straitstimes.com.

Singtel sells Gulf Development shares for $1 billion

Confronto fonti

Singtel sells Gulf Development shares for $1 billion

Singtel sells $773 million Thai energy stake as it ramps up AI and data center investments

Timeline cronologica

Singtel sells $773 million Thai energy stake as it ramps up AI and data center investments

Singtel sells Gulf Development shares for $1 billion

Thai Billionaire Sarath Ratanavadi Raises Stake In Gulf Development As Singtel Sells Shares

Thai Billionaire Sarath Ratanavadi Raises Stake In Gulf Development As Singtel Sells Shares