Sunday, June 11, 2023

STT(Starhub) to buy 33% of U Mobile

Last week, Temasek Holdings unit Singapore Technologies Telemedia (STT) announced that it will buy a 33% stake in U Mobile Sdn Bhd for RM625mil as part of its RM1bil investment commitment to widen its reach into Malaysia’s telecommunications market. You may read the news here.

The reason this blog did not carry this news last week is simply because the U Mobile corporate communication department did not invite me to the signing and include me in their media mailing list this time. This also means that I should be writing more on U Mobile(I do have some “stories”) so that the corp. comm team will not “forget me” again.

Asked if StarHub would be involved in U Mobile’s operations, Tan said: “We are going to sit down on how we will proceed; nothing is firm yet.’’

Separately, StarHub said: “We would like to state that StarHub will not be involved with the operations of U Mobile at all.’’

You may also want to read an opinion piece on the signing over here.

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

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