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12 Sep '12, 2pm

SingTel seeks more high-tech acquisitions in multimedia drive: JERUSALEM (Reuters) - Singapore Telecommunication...

SingTel seeks more high-tech acquisitions in multimedia drive: JERUSALEM (Reuters) - Singapore Telecommunication...

By Steven Scheer JERUSALEM | Wed Sep 12, 2012 10:48am EDT JERUSALEM (Reuters) - Singapore Telecommunications Ltd, the largest telecoms company in southeast Asia, plans to acquire more high-tech firms, including in Israel, as it transforms itself into a multimedia and information and communications technology company. "We are interested in investing in startups addressing major trends as well as the rise of social and local networks, mobile advertising and the increased need for systems that use smartphone applications," Allen Lew, chief executive of SingTel's new Digital Life unit, said at the annual High Tech Industry Association conference in Jerusalem. "Israel is an important part of our golden plans for the digital space. We will be making strategic acquisitions and we will be partnering with companies here," he said. SingTel in March bought Amobee Inc, an Israeli mobi...

Full article: http://www.reuters.com/article/2012/09/12/us-singtel-isra...

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