Singapore Telecommunications (SingTel) on Thursday (Nov 10) said the company may have to bear the brunt of further macro-economic challenges that are expected to persist into fiscal 2023 despite posting a 23 per cent jump in its first-half net profit. On the back of challenges around high inflation and rising interest rates, the company emphasised that it is "well-positioned" to.
Singapore Telecommunications said on Tuesday (July 26) it would sell its loss-making digital marketing arm Amobee to London-listed Tremor International for $239 million in a bid to sharpen its focus on core businesses. Singtel last year started a strategic review of US-based Amobee after the unit booked an impairment charge of $589 million. The unit, which Singtel bought in 2012.
(Reuters) - Singapore Telecommunications said on Tuesday it would sell its loss-making digital marketing arm Amobee to London-listed Tremor Internatio.