Singtel share price slips again: what’s moving Singapore Telecommunications stock after the STT GDC deal
Singtel shares fell 0.4% to S$4.76 by 3 p.m. Friday, extending losses after a volatile week following its STT GDC data-centre deal with KKR. The consortium will pay S$6.6 billion in cash, with Singtel’s portion at S$740 million, pending regulatory approval. Broker targets remain higher ahead of Singtel’s earnings on February 18.