(MENAFN) Singapore investor Temasek Holdings said that it is planning to sell a USD3.1 billion stake in Thai telecom company SingTel, The Peninsula Qatar reported
Temasek held talks with SingTel last year for the purchase of the 41.6 percent stake as the investor aims for an overhaul of its telecom assets
Temasek's move is in line with its plans to consolidate portfolio companies in industry groupings
Temasek owns a 52 percent stake in SingTel, formally known as Singapore Telecommunications Co
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