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NeraTel to sell payment unit for S$88m

Sale to France's Ingenico will sharpen firm's focus on core business and strengthen balance sheet
Saturday, May 21, 2016 - 05:50


TELECOMMUNICATIONS and information network solutions provider Nera Telecommunications (NeraTel) has agreed to sell its payment solutions unit to French payments giant Ingenico Group for about S$88 million, the mainboard-listed group said in a Singapore Exchange filing on Friday

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