SUBSCRIBERS

Addvalue to sell subsidiary for $330m

Published Tue, Mar 25, 2014 · 10:00 PM
Share this article.

SATELLITE communications group Addvalue Technologies (Addvalue) is selling a wholly owned subsidiary, Addvalue Communications Pte Ltd (AVC), for $330 million in cash.

The group entered into a conditional sale and purchase agreement with an unrelated third party buyer on Monday, Addvalue said.

The buying company deals primarily with data security and related product deve…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here