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Singtel’s acquisitions won’t yield much value soon: BNP

Broker's Calls

Singtel’s acquisitions won’t yield much value soon: BNP

PC Lee Published on Fri, Aug 19, 2016 / 3:22 PM GMT+8

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SINGAPORE (Aug 19): The near-term “value accretion” to Singapore Telecommunications from the $2.47 billion deal to buy stakes in the two largest telecom companies in Thailand and India from Temasek is marginal, says BNP Paribas.

The acquisition cost is at about 10% discount to the value of the implied stakes in the telecom operators Advanced Info Services and Bharti Airtel, which BNP Paribas says is reasonable.

“But while we share Singtel’s positive views on AIS and Airtel, we note the near-term value accretion to Singtel is marginal.”

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Singtel’s acquisitions won’t yield much value soon: BNP

Broker's Calls

Singtel’s acquisitions won’t yield much value soon: BNP

Primary tabs

Error message

Singtel’s acquisitions won’t yield much value soon: BNP

Broker's Calls

Singtel’s acquisitions won’t yield much value soon: BNP

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