Telecoms incumbent Singapore Telecommunications (Singtel) has agreed to buy a 21% stake in Thai telecoms group Intouch Holdings and a 7.39% stake in India’s Bharti Telecom from Singaporean state investment company Temasek Holdings for a combined S$2.47bn (US$1.84bn). Explaining the rationale behind the deal, the company said: “Thailand and India are fundamentally attractive markets which are reaping the benefits of rapidly increasing smartphone penetration and mobile […]