Singtel increases stake in AIS parent company

Today, Singtel has announced that it is increasing its stake in Intouch Holdings, the parent company of Thai mobile operator Advanced Info Service (AIS), acquiring a further 3.78% stake from Temasek.The purchase, worth a roughly $237 million, will increase the Singaporean operator’s stake from 21.21% to 24.99%.According to Singtel, the motivation for the stake increase is AIS’s continued strong performance, with the Thai operator capitalising on a surging demand for cloud, data cent