Singtel

Singtel's effective stake in Bharti Airtel is 31.7 per cent. It holds a 49.44 per cent stake in Mittal family owned firm Bharti Telecom

Singapore Telecommunications, Southeast Asia's largest telecommunications operator, said it has bought a 16.3% stake in PT Bank Fama International for 500 billion rupiah ($34.9 million)

The cost of the transaction is "up to 6 million Singapore dollars, including the value of net assets, subject to customary closing adjustments", Infosys said in a regulatory filing

The company also credited the outstanding results to the improved performance of regional associates especially Bharti Airtel

The company almost halved its final dividend to 5.45 Singapore cents a share, down from 10.7 cents announced last year

Bharti Airtel subscribers comprise almost 58% of Singtel's global subscriber reach

After this purchase, the combined stake of Singtel and its subsidiaries in Bharti Airtel will rise to 36.3 per cent, from 33 per cent now

Singtel will acquire Temasek's 7.39 per cent stake in Bharti Telecom and another 21 per cent stake in Thai telecom firm Intouch Holdings PCL for a total consideration of $ 1.8 bn

The company has built a portfolio of stakes in regional mobile associates as it hunts for growth outside its small home market of Singapore