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13 May 2010

Singapore’s telecom giant, India’s Bharti in unit tie-up

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Singapore Telecommunications said on Thursday it was looking at the possibility of tieing together its and Indian associate Bharti's units in Bangladesh, Reuters reported.

"Tower sharing and site sharing and all that will be the first path," SingTel Group CFO Jeann Low said, commenting on the potential to cut costs in Bangladesh now that Bharti is also present in the country.

SingTel has a 45 percent stake in PBTL, Bangladesh's fifth largest mobile phone operator which has a market share of just 4 percent.

SingTel, Southeast Asia's biggest telecom firm, earlier on Thursday reported a better-than-expected 6.6 percent rise in quarterly profits, thanks to contributions from its regional associate companies.


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