Mawar Setia to acquire a majority stake in U Mobile from ST Telemedia.

Synopsis

Mawar Setia, a Malaysian private company, agreed to acquire a majority stake in U Mobile, a Malaysian mobile telecommunications services provider, from ST Telemedia, an active investor in the communications, media and technology areas. Financial terms were not disclosed.

Principals

target

U Mobile

bidder

Mawar Setia

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Market Context

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Seller Team (2)

heang tuck wong

CEO at U MOBILE

Manager

target

Deal

n/a

Total Value

sandy tsang pui shan

CFO at U MOBILE

Manager

target

Deal

n/a

Total Value

Vendor Team (2)

stephen miller

President and CEO at ST TELEMEDIA

Investor

vendor

Deals

£ 1.02 B

Total Value

johnny ong

CFO at ST TELEMEDIA

Investor

vendor

Deal

n/a

Total Value

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