News & Reviews: foreign ownership

Singapore-based company Straits Mobile Investment has reduced its share ownership in U Mobile to 20%

Nov 10, 2024

Previously, we reported that U Mobile will reduce the number of foreign shareholders after being chosen to develop Malaysia’s second 5G network. Accordingly, U Mobile today announced that Straits Mobile Investment Pte Ltd, a wholly owned unit of Singapore-based ST Telemedia has reduced its ownership in the company.

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