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Revisions

Here’s why consolidation in India is good news for SingTel

Broker's Calls

Here’s why consolidation in India is good news for SingTel

Gwyneth Yeo Published on Wed, Feb 01, 2017 / 10:49 AM GMT+8

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SINGAPORE (Feb 1): UOB Kay Hian is maintaining its “buy” recommendation for Singapore Telecommunications, even as Vodafone Group and Idea Cellular continue with talks about merging their Indian operations.

At present, SingTel’s Bharti Airtel is the largest mobile operator in India with 260 million subscribers and a 24% market share.

The potential merged entity between Vodafone and Idea – the second and third largest mobile operators in India – could overtake Bharti with a combined 387 million subscribers and a 36% market share.

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