StarHub to buy 33% stake in U Mobile?
U Mobile Sdn Bhd’s major shareholder Tan Sri Vincent Tan is said to have struck a deal to sell a 33% stake in the celco to Singapore Technologies Telemedia Pte Ltd (STT) in a deal that could be worth RM626mil or RM5 a share.
It is learnt that a term sheet was signed this week by Tan’s company, U Television Sdn Bhd, and STT, the parent of Singapore’s second largest telco, StarHub.
Full article by B.K Sidhu of TheStar
Related topics on MalaysianWireless:
- Free E220 modem with UB68 data plan from U Mobile
- U Mobile Sou Mobile Phone
- MSN & Yahoo Messenger on your mobile phone
- NTT DoCoMo Inc and KTF to buy 33% of U Mobile
- Saudi Telekom Company 25% stake in Maxis
- Malaysians to get DVB-H mobile TV service
- Maxis raise stake on its loss making unit in Indonesia
