Singtel Raises $773M from Gulf Data Centre Stake Sale to Fuel AI Growth
Singapore Telecommunications (Singtel) has sold a 2.8% stake in Thailand’s Gulf Energy Development for approximately S$1 billion ($772.9 million) to fund aggressive expansion into data centers and artificial intelligence. The divestment, confirmed by Singtel on Tuesday, leaves the telecommunications giant with a 4.95% remaining interest in the Thai energy firm, valued at roughly S$1.8 billion. … Read more