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Singapore Telecom to help fund Bharti’s $9b buy of Zain Africa
March 12, 2010
Singapore Telecommunications (SingTel) may help with the funding for Bharti Airtel’s $9 billion acquisition of Zain’s African assets, a senior SingTel executive said on Friday.
SingTel, which owns 32 percent of Bharti, said the acquisition would be financed by debt, and there was no need to inject money directly into its Indian affiliate, SingTel’s CEO International Lim Chuan Poh told…