Singapore’s M1 has confirmed its intent to acquire a stake of “up to 70%” in Malaysia’s Glocomp Systems and two affiliate firms for SG$36 million (US$26.4 million).
KUALA LUMPUR, Dec 1 Singaporean telecommunications provider M1 Ltd is acquiring up to a 70 per cent stake in Glocomp Systems (M) Sdn Bhd, as well as its affiliated companies Global Computing Solutions Sdn Bhd (GCS) and GCIS Sdn Bhd (GCIS). M1 will acquire all three Malaysia-based digital.