Another strategic acquisition for Singtel

Monday, Mar 05, 2012
AFP

SINGAPORE - Singapore Telecom said Monday that it will buy US mobile advertising start-up Amobee for US$321 million (S$401 million) to expand group revenues from ads and marketing across Asia.

SingTel, Southeast Asia's biggest telecom firm by revenue, said its 100 per cent buyout would boost mobile ad sales in India, Thailand, the Philippines, Indonesia, Bangladesh