www.WirelessFederation.com/news: Malaysian cellco U Mobile stake will be taken up by Singapore Technologies Telemedia. The announcement for the strategic partnership agreement will be made by the two companies on Monday.
NTT DoCoMo and KTF were the earlier partners of U Mobile which exited the company and now ST Telemedia is widely expected to become the latest foreign investor in U Mobile.
10% stake in VNPT Global, the offshore arm of Vietnam’s VNPT Group has also been announced by ST Telemedia.
However, financial terms of the deal are still not disclosed. VNPT Global operates in Singapore, Hong Kong, USA and the Czech Republic.
