Tuesday, February 07, 2012
STT moves on U Mobile, VNPT
STT moves on U Mobile, VNPT
Nicole McCormick |
March 12, 2010
telecomasia.net
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Singapore Technologies Telemedia looks set to take a stake in cash-strapped Malaysian cellco U Mobile.
The two companies will announce a “strategic partnership agreement” on Monday, according to a media invitation seen by Malaysia’s Business Times.
ST Telemedia is widely expected to become the latest foreign investor in U Mobile, whose earlier partners NTT DoCoMo and KTF exited last year.
Separately, ST Telemedia has announced a 10% stake in VNPT Global, the offshore arm of Vietnam’s VNPT Group. Financial terms were not disclosed.
VNPT Global operates in Singapore, Hong Kong, USA and the Czech Republic.
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