Today, Singtel has announced that it is increasing its stake in Intouch Holdings, the parent company of Thai mobile operator Advanced Info Service (AIS), acquiring a further 3.78% stake from Temasek.
The purchase, worth a roughly $237 million, will increase the Singaporean operator’s stake from 21.21% to 24.99%.
According to Singtel, the motivation for the stake increase is AIS’s continued strong performance, with the Thai operator capitalising on a surging demand for cloud, data centre and ICT solutions in the enterprise space…
