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    Singtel sells nearly 3% stake in Gulf Development for about $773 million

    Picture of Singapore Telecommunications logoSingapore Telecommunications
    23/06/2026 05:15
    Singtel sells nearly 3% stake in Gulf Development for about $773 million
    June 23 (Reuters) - Singapore Telecommunications STEL.SI said on Tuesday it had sold a 2.8% stake in Thailand-listed Gulf Development GULF.BK for around S$1 billion ($773.16 million).

    ($1 = 1.2934 Singapore dollars)

     (Reporting by Rajasik  Mukherjee)
     ((Rajasik.Mukherjee@thomsonreuters.com;))

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