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SMRT jumps on telco ambitions

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Shares of SMRT Corporation surged on Thursday after the train operator suggested it may expand into the telecommunications business by partnering a contender for Singapore's fourth wireless telecommunications carrier licence.

Singapore

SHARES of SMRT Corporation surged on Thursday after the train operator suggested it may expand into the telecommunications business by partnering a contender for Singapore's fourth wireless telecommunications carrier licence.

SMRT on Wednesday said it may invest up to S$