$Singtel(Z74.SI)$ Singtel anno

Singtel announced that its shareholding in AIS remains unchanged at 23.32% and provided an update on the proposed amalgamation of Intouch and Gulf, scheduled for completion on 1 April 2025.

The newly formed entity, Gulf Development Public Company Limited, will begin trading on the Stock Exchange of Thailand on 3 April 2025. Singtel has not yet decided on its stake in Gulf but remains committed to being a long-term investor in Thailand, aiming to support AIS’s growth and maintain its leading position in the telecommunications sector.

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