Ooredoo reportedly mulls parting ways with Starhub stake

It currently holds about 14% of shares.

According to a report by Bloomberg, Ooredoo QSC, the Qatari-owned phone carrier, is considering selling its shareholding in Singapore’s StarHub Ltd., according to people with knowledge of the matter.

The company is working with HSBC Holdings Plc to gauge potential interest in its stake in Singapore’s second-biggest phone company, the people said, asking not to be identified as the process is private. Ooredoo owns about 25 percent of Asia Mobile Holdings Pte, which in turn holds 55.8 percent of StarHub, according to the Singapore-based company’s annual report. That’s equivalent to about 14 percent of StarHub.

Read the full report here.

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