Intouch Holdings

The telco will book an estimated gain of $0.4 billion from the amalgamation.

Singtel is one of Intouch’s two largest shareholders along with Gulf Energy, Thailand’s biggest power producer by market value.

Shares in Singtel closed 1 cent lower or 0.4% down at $2.41 on May 31.

Could Singtel be seeing a restructuring soon?

Singtel currently holds 21% in Intouch.

Intouch Holdings is a subsidiary of Singapore Telecommunications (Singtel), who acquired a 21% stake in the company in August 2016

(Aug 15): Units of Singapore's sovereign fund Temasek -- Aspen Holdings and Anderton Investments -- launched an overnight block trade on Wednesday for 15.6 billion baht ($701 million) or 8.02% of its stakes in Thai telco company Intouch Holdings, acco

SINGAPORE (Aug 18): Singapore Telecommunications agreed to pay $2.47 billion for stakes in Thailand’s Intouch Holdings and India’s Bharti Telecom to broaden access to fast-growing wireless markets in the countries and in Africa.

SINGAPORE (Aug 17): Singapore Telecommunications (Singtel) on Wednesday played down reports that it is in talks to buy a portion of Temasek Holdings’ US$2.4 billion ($3.2 billion) stake in Thailand’s telco giant Intouch Holdings.