SPH sells entire 701Search stake to Telenor ASA for US$109m
SPH, Norway's Schibsted and Telenor currently own equal shares in 701Search; Schibsted will also sell its interest to Telenor
Add BT as a preferred source
Singapore
SINGAPORE Press Holdings (SPH) said on Friday it is selling its entire one-third stake in 701Search Pte Ltd to Norway's leading telecommunications operator Telenor ASA for about US$109 million.
A conditional agreement to this effect was entered into by SPH's wholly-owned subsidiary SPH Interactive International Pte Ltd (SPHII) with Telenor Communications II AS.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Is it time to scrap COE categories for cars?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
