Published:
Henderson Global Investors sells its Singtel equity stake
As competition heats up with TPG's entry.
According to a Bloomberg report, the rising competition in Singapore Telecommunications Ltd.’s key markets across Asia has prompted one of the world’s biggest independent money managers to sell the stock.
Henderson Global Investors, which oversees about $130b globally, sold its Singtel holdings in Asia-based portfolios last month, said Sat Duhra, who manages Asian dividend-focused investments for Henderson. Singtel’s key markets are growing more crowded as Australian carrier TPG Telecom Ltd. steps up its regional expansion, Duhra said.
Read more here.
Read Here
Advertise
Sign Up
