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Singapore Telecommunications Ltd's subsidiary together with Ayala Corp's subsidiary signs agreement to divest entire equity interest in Asticom Technology Inc to Globe Telecom Inc


Tuesday, 3 Jun 2014 07:47pm EDT 

Singapore Telecommunications Ltd:Says its subsidiary SCS Computer Systems Pte. Ltd together with Azalea Technology, Inc, a subsidiary of Ayala Corp, have signed an agreement to divest their entire equity interest in Asticom Technology Inc, a 51 pct-owned subsidiary of SCS, to Globe Telecom Inc.Total cash consideration of 12,454,211 Pesos (about S$361,172).Following the divestment, Asticom has ceased to be a subsidiary of SingTel. 

Company Quote

1710.0
12.0 +0.71%
19 Dec 2014