Temasek’s ST Telemedia says financial instruments included in sale of ‘majority stake’ in U Mobile

Quick Summary:

ST Telemedia said that it owns 49 per cent of U Mobile’s ordinary shares.

ST Telemedia announced in 2010 that it had agreed to buy a 33 per cent stake in U Mobile.

Communications Minister Fahmi Fadzil told lawmakers on Nov 7 that U Mobile hadn’t breached rules on foreign shareholdings.

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Article Details

Category: EconomyBusiness

Markets: SingaporeMalaysia

Topics: Malaysian Malaysia Mobile People Statement Cent Company Sale Mobile’s Sultan Ibrahim

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 15:25:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 670 words

Reading Time: 4 minutes read

Sentences: 34 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 24371124

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

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Headquarters: Singapore

News Last Updated: 4 hours ago

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Publisher ID: #25

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