استمتع بـUnlimited مع Magzter GOLD
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ST Engg to Get $80m One-Off Gain From Sale of SP Tel Joint Venture
July 18, 2025
|The Straits Times
ST Engineering's wholly owned subsidiary, ST Engineering Urban Solutions, has entered into an agreement with SP Group to divest their joint venture SPTel, an enterprise broadband connectivity provider.
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The buyer is AQX, a digital infrastructure investment platform wholly owned by home-grown private equity firm Seraya Partners.
It will acquire SPTel for $290 million, subject to closing adjustments.
In a statement on July 17, ST Engineering and SP Group said the proposed transaction will better position SPTel to scale up under a new owner.
هذه القصة من طبعة July 18, 2025 من The Straits Times.
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