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.
