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
Add BT as a preferred sourceSingapore
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.
It said it expects net proceeds of about S$71.5 million on the disposal, adding that the proposed sale of the entire payment solutions business across Singapore, Malaysia, Thailand, the Philippines, Indonesia and Vietnam would let it "sharpen its focus on the core network solutions business and strengthen the balance sheet".
TRENDING NOW
Changes to EV incentives, uncertainty over COE framework drive Category A premium to a new high in ‘re-run of 2025 mania’
Employers want AI-fluent employees. Hiring them is the challenge
What makes a good job? Feeling that you matter
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects
