May 14, 2012 by Terence LEE
SingTel, Southeast Asia’s largest mobile carrier, is looking to potentially acquire non-phone businesses in China and India, in a move away from slow-growth markets in Singapore and Australia, reported Bloomberg.
In a statement released last week, the phone company mentioned that it may raise its stakes in its Asian and African associaties, as well as make other “strategic investments”. The company also reported a 30 percent jump in fourth-quarter profit, at S$1.29B (US$1B), in the three months preceding 21st March. Read more