{"id":1016504,"date":"2026-06-24T07:42:45","date_gmt":"2026-06-24T02:12:45","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1016504"},"modified":"2026-06-24T07:44:29","modified_gmt":"2026-06-24T02:14:29","slug":"singtel-sells-nearly-3-stake-in-gulf-development-for-about-773-million","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/06\/24\/singtel-sells-nearly-3-stake-in-gulf-development-for-about-773-million\/","title":{"rendered":"Singtel sells nearly 3% stake in Gulf Development for about $773 million"},"content":{"rendered":"<p>Singapore Telecommunications said on Tuesday it had sold a 2.8% stake in Thailand-listed energy development firm Gulf \u200cDevelopment for \u2060about \u2060S$1 billion ($773.16 million) in an effort to redeploy capital. <\/p>\n<p>Singtel said the transaction, executed via a private share placement, would result in \u2060a gain \u200cof about S$140 million. <\/p>\n<p>Southeast Asia&#8217;s largest telecom operator \u2060now has a nearly 5% stake in Gulf Development, which is valued at around S$1.8 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore Telecommunications said on Tuesday it had sold a 2.8% stake in Thailand-listed energy development firm Gulf \u200cDevelopment for \u2060about \u2060S$1 billion ($773.16 million) in an effort to redeploy capital. Singtel said the transaction, executed via a private share placement, would result in \u2060a gain \u200cof about S$140 million. Southeast Asia&#8217;s largest telecom operator \u2060now has a nearly 5% stake in Gulf Development, which is valued at around S$1.8 billion.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,60,10],"tags":[],"class_list":["post-1016504","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-telecom-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1016504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1016504"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1016504\/revisions"}],"predecessor-version":[{"id":1016513,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1016504\/revisions\/1016513"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1016504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1016504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1016504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}