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News Corp gets SingTel in historic deal

Summary

In one of the biggest and most exciting business deals in Singapore and the region, SingTel has confirmed that Rupert Murdoch's News Corp has taken a four percent stake in the local telco giant for US$1 billion.

Events

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25 Mar 2010

One Marina Boulevard, Microsoft Singapore

IT Architect Regional Conference Singapore 2010
20 - 21 Apr 2010

Singapore Management University, Singapore

The Internet Show 2010
21-22 Apr 2010

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Media mogul Rupert Murdoch has injected US$1 billion into SingTel via News Corp

News Corp takes 4% stake in SingTel for S$1.7 billion
In one of the biggest and most exciting business deals in Singapore and the region, SingTel has confirmed that Rupert Murdoch's News Corp has taken a four percent stake in the local telco giant for S$1.7 billion.

News Corp injects US$1b into SingTel
SingTel, undergoing troubled times in its merger talks with Cable & Wireless HKT, has been granted a sudden reprieve to the tune of US$1 billion from Rupert Murdoch's News Corp. Regional telecom and Internet analysts welcomed the deal.

SingTel may sue HSBC over CyberWorks bid for HKT
SingTel may sue HSBC Holdings plc to prevent it from helping Pacific Century CyberWorks raise funds for a rival bid for Cable & Wireless HKT.

Battle between CyberWorks and SingTel for C&WHKT begins
In an unexpected move, Pacific Century CyberWorks (PCCW) has announced that it too intends to merge with Hong Kong's biggest telecom operator, Cable & Wireless HKT.

SingTel confirms merger talks with Cable & Wireless HKT
Singapore Telecom has confirmed industry speculation that it is in merger talks with Hong Kong telco giant, Cable & Wireless HKT.

Previous coverage
Sources: SingTel, CyberWorks not keen on three-way merger
SingTel continues downtrend as rival CyberWorks bids for HKT
CyberWorks raising US$1b for HKT; Hikari denies link
PCCW intends to propose merger with HKT
SingTel: Merger talks with HKT still ongoing
Report: SingTel-C&WHKT merger might hit Hutchison wall
SingTel-C&WHKT merger will create S$100b company and more

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