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Singtel will divest its US digital media and advertising subsidiary Amobee to London- and NASDAQ-traded advertising technology firm Tremor International for an enterprise valuation of $239 million. The net proceeds after deducting transaction costs and adjustments such as debt and working capital is estimated to be $197 million at closing. The divestment is in line with Singtel’s strategic reset to sharpen its business focus and recycle assets and capital into growth areas with higher returns. In May, Singtel announced that Amobee, a non-core business, was classified as a subsidiary held for sale in March this year.

Read more: Singtel to Divest US Digital Marketing Subsidiary for $239 million

Singtel plans to invest a further $100 million into Singtel Innov8, its corporate venture arm, raising its total capital commitment to $350 million. One of the earliest corporate venture capital firms in Southeast Asia, Innov8 invests in start-ups that align with Singtel Group businesses in the areas of 5G, artificial Intelligence, the digital economy, sustainability, cybersecurity and emerging technologies. It operates on an evergreen fund model, re-investing returns from portfolio exits into new investments. With the capital injection, Innov8 will further expand its portfolio of investments in Southeast Asia, the United States, China, Israel and Australia.

Read more: Singtel to Invest Additional US$100 million into Innovative Tech

HKT announced that its telemedicine platform, DrGo, will join River Cam Chinese Medicine and Acupuncture Clinic, and South Kwai Chung Social Service Office to deliver 100 free traditional Chinese medicine (TCM) consultation service sessions for Kwai Tsing district residents in Hong Kong.

Read more: HKT’s DrGo Introduces Kwai Tsing TCM Telemedicine Programme

3 Hong Kong, the mobile arm of Hutchison Telecommunications Hong Kong Holdings Limited, and Microsoft Hong Kong have entered into a strategic collaboration. 3 Hong Kong will use Microsoft’s cloud technology solution to accelerate digital transformation. It is also the first telecoms operator to adopt Microsoft’s end-to-end Customer Insight platform and artificial intelligence (AI) to uplift and enhance customer satisfaction by providing hyper-personalized customer service and digital experience through an all-round analysis of customer needs. The collaboration will also accelerate 3 Hong Kong's launch of a series of new enterprise solutions for corporate customers to empower them to explore new opportunities and enhance their competitiveness.

Read more: 3 Hong Kong Partners with Microsoft Hong Kong to Better Serve Business Customers

The successful launch of MEASAT Global Berhad’s MEASAT-3d satellite marks a significant milestone in expanding high-speed broadband coverage and data-intensive services in connecting even more Malaysians, especially in remote areas.  

Read more: New MEASAT-3d Satellite to Expand Maxis’ High-Speed Broadband Coverage

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