India’s leading telecom operator follows its rival to raise a huge pile of fresh capital in order to sustain a prolonged price war between the major telcos.
Portfolio managers and buy-side analysts give their verdicts on the region's corporations. India, Indonesia and Singapore see HDFC Bank, Bank Central Asia and DBS lead the way.
New dollar-denominated offering hits a market struggling under the twin pressures of strong supply and concerted selling following recent new issue underperformance.
Singapore’s biggest telecoms operator is set to invest $1.8 billion for a stake in Thailand’s Intouch Holdings and an increased share of India's Bharti Telecom.