Singtel Readies $300 Million Sale of Cyber Security Arm Trustwave
Singapore Telecommunications Ltd. $Singtel (Z74.SG)$is moving forward with a planned sale of its cyber security business Trustwave Holdings Inc. that could raise about $200 million to $300 million.
Singtel is streamlining its portfolio as it seeks to raise cash and focus on 5G operations as well as developing new growth engines including IT services and data centers.
The company announced in May 2021 that it was taking a $250 million non-cash impairment charge against its investment in Trustwave, and said had begun a strategic review of the business.
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Felayt OP : hey guys, why do you think singtel wasn't a good choice to invest in?