Singapore
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...