Singapore Telecommunications Limited announced that its whollyowned
subsidiary, SingTel Innov8 Pte Ltd, has acquired a 28.57-per
cent stake in 2359 Media Pte Ltd for an aggregate cash consideration
2359 Media is a Singapore-based mobile marketing provider whose
core product offering is MobDis, a HTML5-based mobile advertisement
creation platform that allows marketers and designers to rapidly
create, publish and share engaging mobile advertisements.