Wednesday, September 28, 2022
u-mobile-h1-u25-728-90-2022

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

Kugan
Kugan is the founder of MalaysianWireless. He has been observing the mobile industry since 2003. Connect with him on Twitter: @scamboy

Related Articles

Stay Connected with Us

52,603FansLike
679FollowersFollow

Hosted at AIMS Data Centre

aims-logo

Latest Articles