DeClout, Acclivis to buy ISP licence holder
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Singapore
SGX-Catalist listed DeClout, along with its wholly owned subsidiary Acclivis Technologies and Solutions, on Tuesday announced that it has entered into a proposed agreement to acquire OSINet Communication, which owns a local ISP (Internet Service Provider) licence in Singapore.
Under the terms of the proposed agreement, DeClout and Acclivis will pay S$14.2 million for a 100 per cent stake in OSINet. This will be done through the issuance and allotment of DeClout shares.
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