The Business Times
business-time-50

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

google-preferred-sourceAdd BT as a preferred source
Published Fri, May 12, 2017 · 09:50 PM

    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

    Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

    When every phone becomes a satellite phone, what happens to Asia’s telcos?

    The company says the disputes do not cast significant doubt on its viability as a going concern.

    Koh Brothers Eco Engineering faces up to S$57.6 million in potential legal liabilities

    The deal for the sale of Scotts Square mall, just off Orchard Road, is said to be in the early stages of being worked out, at a price of about S$320 million.

    Father-and-son duo Raj Kumar and Kishin in exclusive due diligence to buy Scotts Square

    Anytime Fitness Asia has a network of over 600 clubs across markets including Singapore, the Philippines and Hong Kong.

    Anytime Fitness Asia’s owner said to weigh US$400 million sale

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More