SingTel to Pay $810 Million for Security Company Trustwave

April 8, 2015 1:25 AM

55 0

SingTel to Pay $810 Million for Security Company Trustwave

Singapore Telecommunications Ltd. will buy a 98 percent stake in Trustwave Holdings Inc. for $810 million as Southeast Asia’s biggest phone company seeks to expand in cyber security.

The deal gives the company control of businesses in North America, Europe and the Asia Pacific region and is expected to add to earnings from the third year, SingTel said in a statement to the Singapore Exchange Wednesday. It will be the Singapore-based company’s biggest acquisition since the $9.69 ...

Also read: Irish Court Orders Russian Oligarch's Assets Unfrozen

Read more

To category page

Loading...