BHRQY - Singtel: Scaling Back On Airtel

Call for shares has been diverted elsewhere

Singtel (OTCPK:SGAPY)/ ("STEL") is the second-largest — measured by market capitalization — company listed on the Singapore Stock Exchange. In its home market, it's an Internet service provider, provides TV and fixed-line services, and is the leading mobile network operator in Singapore. STEL also has pursued aggressive expansion outside its own market by owning shares of other regional operators, including 100% of Australia’s second-largest telecoms company Optus, and Bharti Airtel (OTCPK:BHRQY)/ ("BAT"). BAT is based in New Delhi, India, trades on the Bombay and