Straits Mobile will hold a 20% stake following completion of the deal.
SINGAPORE: Singapore Technologies Telemedia (ST Telemedia) says Malaysia’s Mawar Setia will acquire a majority stake in the company’s U Mobile unit, a mobile and broadband service provider in Malaysia.
Under a conditional share purchase deal, Mawar Setia will acquire the stake in U Mobile from Straits Mobile Investments, a unit of ST Telemedia, the Singapore-based firm said in a statement.
