Singtel's Thai associate AIS to acquire broadband businesses for S$1.27b

Singtel's Thai associate AIS to acquire broadband businesses for S$1.27b
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SINGAPORE (July 4): Singapore Telecommunications' (Singtel) Thailand-based associate Advanced Info Service (AIS) is acquiring two broadband entities for 32.42 billion baht (S$1.27 billion or about RM4.01 billion).

First, AIS, via its 99.99%-held subsidiary Advanced Wireless Network, is paying 19.5 billion baht for Triple T Broadband. The seller is Jasmine International.

Next, AIS is acquiring a 19% stake in Jasmine Broadband Internet Infrastructure Fund held by Jasmine International for 12.92 billion baht ... (click on link for full story on theedgesingapore.com).