India has been so good for S’pore that 50% of Singtel’s value comes from its Indian holdings
- ID
- 22610
- Status
- summarized
- Published
- 08 Sep 2026, 12:19 PM
- Fetched
- 09 Sep 2026, 11:18 AM
- Provider
- Vulcan Post
- Category
- malaysia-startup
- Original URL
- https://vulcanpost.com/913138/half-of-singtels-value-comes-from-indian-holdings/
- Source URL
- https://vulcanpost.com/feed/
Summary
- Score
- 3.5
- Created
- 09 Sep 2026, 11:18 AM
- Tags
- Audience
- saas_founders
What happened
Singtel's 26.9% stake in Bharti Airtel is worth S$41.7 billion, accounting for roughly 56.6% of Singtel's S$73.5 billion market cap. Temasek, which owns Singtel, calls India its best-performing market over 10 years, with recent exits like Schneider Electric India delivering a ~10x return on S$860 million invested in 2020.
Why it matters
For builders in the region, this signals where Singtel's strategic attention and capital are concentrated: India and Africa via Airtel, not Southeast Asia. If you're evaluating Singtel's regional cloud, enterprise, or infrastructure partnerships for a Malaysian or SEA-focused product, expect diminishing local telco investment relative to Indian markets.
Discussion angle
What does it mean for Malaysian startups and builders when the region's largest telco derives most of its value from outside SEA — does this open space for local infrastructure players, or does it signal less telco-led innovation locally?