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SingTel Plans to Invest $1.6 Billion, Raise Payouts

Singapore Telecommunications Ltd. (Z74.SG) plans to spend US$1.6 billion in three years to acquire companies specializing in digital advertising, content and entertainment.Southeast Asia's biggest mobile operator by subscribers is banking on acquisitions of smaller companies to help drive growth in its business as revenue slows from mature markets like Singapore and Australia.The company is also using surplus cash to step up dividend payments to keep investors happy even as it continues to invest in its core telecommunications business, Group Chief Executive Chua Sock Koong said in an interview with The Wall Street Journal.SingTel spent US$400 million in acquiring advertising, entertainment and digital commerce firms in the last fiscal year ended March 31, including the US$321 billion it paid for Amobee, a U.S.-based mobile advertising company. Other smaller acquisitions included Adjitsu, a mobile ads firm, and HungryGoWhere.com, a web-based restaurant guide."If we don't do anything, t...

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  1. Standard Chartered seeks Egypt acquisition, plans Iraq push

    Standard Chartered is looking to acquire a bank in Egypt to ride an expected boom in one of the Middle East's largest economies, the firm's regional head said. The b...

  2. Afghanistan to Start Exporting Crude-Oil This Year

    China's largest oil company is due to start commercial production of crude oil in Afghanistan shortly, heralding a resource boom that could transform the country's e...

  3. Militant Linked to WSJ Reporter Pearl's Death Arrested

    Pakistani authorities arrested a militant who they say was connected with the murder of Wall Street Journal reporter Daniel Pearl in 2002.The Pakistan Rangers, a par...

  4. SingTel Studies Sale of Optus Satellite Unit

    Singapore Telecommunications Ltd. (Z74.SG) is considering a sale of the satellite business of its Australian unit Optus, in a deal that could be worth more than US$1...

  5. China replaces Britain in world's top five arms exporters: report

    China has become the world's fifth-largest arms exporter, a respected Sweden-based think tank said on Monday, its highest ranking since the Cold War, with Pakistan t...

  6. ONGC, Oil India Bid for Mozambique Gas Field Stake

    India's state-run Oil & Natural Gas Corp. (500312.BY) and Oil India Ltd. (533106.BY) have made a joint bid for a 20% stake in a Mozambique oil and gas field operated...

  7. MOL Enters Into Ghauri Exploration Block, Upgrades Stake in Pakistan

    Hungarian oil and gas company MOL Nyrt. (MOL.BU) said Thursday that it had signed farm-out agreements with Mari Petroleum Company Limited to acquire a 30% interest i...

  8. IMF Official Says Spain Needs Slower Budget-Tightening

    Spain needs to slow is budget tightening amid a souring economic outlook, an International Monetary Fund official said Thursday.IMF spokesman William Murray said tha...

  9. IMF: As Recession Deepens, Spain Needs Slower Budget-Tightening

    Spain needs to slow is budget tightening amid a souring economic outlook, an International Monetary Fund official said Thursday.IMF spokesman William Murray said tha...

  10. McFarland: Karzai is Incompetent

    National-security analyst KT McFarland on the growing threats from North Korea and comments from the Afghanistan President about the U.S. and the Taliban.

  11. Todd Snider Performs a Classic

    Todd Snider performs “Mr. Bojangles”.

  12. Denizbank: Talks to Buy Citi's Turkey Consumer Banking Unit Continue

    Turkey's Denizbank AS (DENIZ.IS) said Monday talks with Citigroup Inc. (C) about the purchase of its consumer banking unit in Turkey continue.Denizbank made the stat...

  1. Citigroup to Sell Brazil Unit for $1.38 Billion

    Brazilian bank Itau Unibanco Holding SA (ITUB, ITUB3.BR) said Tuesday it has agreed to buy the local consumer finance unit of Citigroup Inc. (C) for 2.77 billion Bra...

  2. SingTel Net Profit Drops 32.6%

    Singapore Telecommunications Ltd. (Z74.SG, SGAPY) on Wednesday said its fiscal fourth-quarter net profit declined 32.6% because it booked a loss on the sale of its e...

  3. ICTSI 1Q Net Profit up 15% on Year on Revenue, Cargo Growth

    International Container Terminal Services Inc. (ICT.PH) said Thursday that its first-quarter net profit rose 15% from the year-earlier period, boosted by double-digi...

  4. Orascom Telecom Holdings S.A.E Offer for purchase of OTH's shares by Baskindale

    TIDMOTLDRNS Number : 4769COrascom Telecom Holdings S.A.E16 April 2013NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, I...

  5. Obama budget boosts embassy security spending, changes food aid

    President Barack Obama included $4 billion to improve security at hundreds of overseas diplomatic posts in his budget proposal on Wednesday, in the wake of the deadl...

  6. Tullow Oil Sells Tullow Bangladesh to KrisEnergy for $42.35 Million

    Independent oil and gas exploration and production company Tullow Oil PLC (TLW.LN), said Tuesday that through its subsidiary, Tullow Oil International Ltd, it has si...

  7. Qatar runs returns rule over fast cars and football

    Bankers and politicians touting their countries' wares have to work hard to get the attention of Qatar's sovereign wealth fund, such is the range of its interests, f...

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