SINGAPORE, 11 December 2024 ─ ST Telemedia (STT) has been a strategic shareholder in U Mobile since March 2010. Since our initial investment, we have been supportive of U Mobile’s transformative growth.

Through our wholly-owned subsidiary, Straits Mobile Investments Pte. Ltd., STT’s current shareholding percentage in U Mobile’s issued ordinary share capital is 49%, consistent with U Mobile’s disclosures with the Companies Commission of Malaysia (SSM). As part of supporting U Mobile’s growth, STT has, from time to time, provided funding to the company in the form of certain financial instruments. These financial instruments will also form part of the sale to the purchaser once certain conditions precedent to the completion of the sale are satisfied, including the receipt of relevant regulatory approvals.

ABOUT ST TELEMEDIA

ST Telemedia (STT) is a Singapore-headquartered strategic investor specialising in Communications, Data Centres and Infrastructure Technology businesses globally. Its vision is to build leading digital services and infrastructure platforms that facilitate business growth and help societies advance. Since commencing operations in 1994, STT has demonstrated a strong track record of building and growing its portfolio companies into market leaders in both developed and high-growth markets. STT is represented in 15 countries across Asia, Europe and the US. For more information, visit https://www.sttelemedia.com/