Singapore's leading telecom operator Singtel on Monday said it was committed to the long-term potential of the Indian market and would consider raising its stake in India's largest mobile player Bharti Airtel at "right terms and conditions".
"We remain committed to our investment in Bharti Airtel and believe in the long-term potential of the Indian market," a spokesperson for Singtel, which holds about 31 per cent stake in Bharti Airtel, told PTI.
When asked whether the company was interested in acquiring UK giant Vodafone's stake in Bharti Airtel, the spokesperson said: "If the shares are offered to us, we will consider under the right terms and conditions."
"We do review opportunities to increase our shareholdings in our existing associates," the spokesperson said.
When contacted, a Bharti spokesperson declined to comment on the issue.
Vodafone, the world's largest mobile player which owns about 10 per cent stake in Bharti Airtel, is currently mulling a takeover bid for India's fourth-largest mobile firm Hutch Essar and a formal bid is expected by the early next month.
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