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Muted response to deals by SingTel's Amobee

Analysts take wait and see attitude; SingTel's credit ratings not affected

SINGAPORE Telecommunications' US$359 million acquisition of digital advertising companies Adconion and Kontera through its digital advertising arm Amobee met with fairly muted market reaction after the purchase was announced on Wednesday. Yesterday, SingTel shares traded mostly flat at $3.86.