Tag: SingTel

SingTel to sell stake in loss-making Warid

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article image STAFF REPORT LHR: Singapore Telecommunications Ltd. (Z74.SG), Southeast Asia’s biggest mobile phone company, has announced to sell all of its 30 per cent stakes in Pakistan’s Warid Telecom (Pvt) Ltd.The company will take an estimated loss of about 230 million $186 million on the transaction. SingTel had been looking to sell the stake in the loss-making company since July when it reclassified Warid as an asset held for sale’ and ceased accounting for its stake in the operator.The planned…Read More