SingTel in NCIC/Far EasTone share swap deal

15 Aug 2007

According to Thomson Financial, Singapore Telecommunications (SingTel) has struck a deal to exchange its 24.51% stake in Taiwanese fixed line operator New Century InfoComm Tech Company (NCIC), for a 3.97% equity stake in mobile phone operator Far EasTone Telecommunications. The transaction is expected to be completed in December, subject to regulatory approvals.

Singapore, Taiwan, Far EasTone (FET), New Century InfoComm (Sparq), Singtel Group