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SMRT drops telco venture bid

It decides not to invest in OMGtel, the firm that is eyeing Singapore's 4th telco licence

SMRTtrain060615.jpg
Train operator SMRT has backed out of a bid to venture into the telecommunications industry after facing a wave of criticism over whether it might be distracted from its core business of providing public transport.

Singapore

TRAIN operator SMRT has backed out of a bid to venture into the telecommunications industry after facing a wave of criticism over whether it might be distracted from its core business of providing public transport.

It said in a Singapore Exchange filing on Friday that it

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