Malaysia's Mawar Setia to buy ST Telemedia's stake in U Mobile

Malaysia's Mawar Setia to buy ST Telemedia's stake in U Mobile

FILE PHOTO: Logo of U Mobile, Malaysian mobile carrier, is displayed at a monorail station in Kuala Lumpur, Malaysia, September 26, 2022. REUTERS/Hasnoor Hussain/File Photo

Singapore Technologies Telemedia said on Wednesday Malaysia’s Mawar Setia will acquire a majority stake in the company’s U Mobile unit, a mobile and broadband service provider in Malaysia.