SingTel acquires 60% stake in Singapore Computer Systems (Singapore)
According to a media report, Singapore Telecommunications (SingTel) has bought a 60% stake in IT services provider Singapore Computer Systems for $99 million from Green Dot Capital, a unit of state investment firm Temasek Holdings, which is also SingTel’s parent company. This move will prompt a manadatory offer for all shares in Singapore Computer Systems.
