Singapore Tech Firm Circles Is Said to Weigh Sale of Digital Arm [Yahoo! Finance Canada]
SINGAPORE TELECOM S/ADR (SGAPY)
NASDAQ:AMEX Investor Relations:
singtel.com/about-us/investor-relations/relations
Company Research
Source: Yahoo! Finance Canada
Most Read from Bloomberg The Singapore-based company is working with a financial adviser as it evaluates a potential sale that could value Circles.Life at a few hundred million dollars, the people said, asking not to be identified because the process is private. Circles plans to retain its software-as-a-service platform, which helps telecommunications companies launch and operate digital brands, the people said. Considerations are ongoing and no final decisions have been made, the people said. A representative for Circles declined to comment. Singapore counts industry players such as Singapore Telecommunications Ltd., known as Singtel, StarHub Ltd., M1 Ltd. and Simba Telecom Pte. Established in 2014, Circles has partnerships with telecom operators in 15 countries globally, according to its website. It launched Circles.Life two years later as a mobile virtual network operator using the network of M1 to offer services including voice, data, roaming and international calls. Ci
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