29.07.2016 - Temasek Should Hang Up
A Qatari company just gave Singapore's state investor a solid clue about what to do with its outsize holdings of the island's telcos: sell, and run.Ooredoo QSC, the Doha-based phone carrier, is working with HSBC to find a buyer for its indirect stake of about 14 percent in Singapore's StarHub, Bloomberg News reported this week. The reason why Ooredoo may want out -- to focus on the Middle East and other fast-growing markets -- has a message for Singapore's Temasek, which for the fiscal year ended March 31 saw its assets shrink for the first time in seven years...............................................Full Article: Source
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