Singapore Telecommunications Ltd is actively involved in the takeover talks between India's top mobile firm Bharti Airtel Ltd and South African operator MTN Group Ltd, a source familiar with the situation said on Monday.
However according to sources it was premature to speculate if SingTel -- which is Bharti's largest shareholder with over a 30 percent stake -- would provide any form of financial support to Bharti for the bid as the deal was evolving.
SingTel, Southeast Asia's largest phone company, declined to comment.Bharti also said in a separate statement it had not made any offer to buy the whole or part of MTN.
The Asian Wall Street Journal, quoting an unidentified source, said on Monday that Bharti was considering raising its offer to around 175 South African rand ($22.63) a share for control of MTN, and an official bid could come this week.
Read more in The Economic Times article
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