Singapore Telecommunications wants Vodafone off Airtel’s Board

Singapore Telecommunications wants Vodafone off Airtel’s Board

Singapore Telecommunications has a 30 percent stake in Bharti Airtel which is the largest mobile service provider in the country.

Vodafone also has a minor stake in the company. However, the recent reports have said that Vodafone is interested in getting a stake in rivals Hutch.

SingTel as a result is rumored to have said that they want representatives of Vodafone off the board of mobile phone operator Bharti Airtel.

This was reported by Times of India newspaper which cited undisclosed sources.

A Bharti Airtel spokesman has declined to comment on these rumors saying: “As a matter of policy we do not comment on market speculation or discussion between shareholders.”