An unidentified institutional investor is selling 27.58 million shares in Singaporean cable operator StarHub for between SGD2.90 and SGD2.94 (USD2.00 and USD2.02) per share, Reuters reports. Citigroup is understood to be handling the sale transaction which could raise up to SGD81 million. The financial services company is offering a discount of between 3.3% and 4.6% on its existing price, according to the details of a term sheet report seen by Reuters.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors