Tuesday, January 11, 2011

SingTel Acquires 28.57-per cent Stake in Mobile Marketing Firm

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

of S$800,006.40.

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.

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