{"id":328700,"date":"2023-10-02T08:12:11","date_gmt":"2023-10-02T08:12:11","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=381774"},"modified":"2023-10-02T08:12:11","modified_gmt":"2023-10-02T08:12:11","slug":"singtel-waves-goodbye-to-trustwave","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2023\/10\/02\/singtel-waves-goodbye-to-trustwave\/","title":{"rendered":"Singtel waves goodbye to Trustwave"},"content":{"rendered":"

<\/p>\n

\tSingtel struck a deal to offload its stake in US cybersecurity player Trustwave for an enterprise value of $205 million, completing a near 30-month [1] strategic review of its business prompted by rising costs.<\/p>\n

The operator lined up a conditional share purchase deal for Trustwave with equity company MC Titanium. It reclassified the cybersecurity business as a subsidiary for sale on 30 September and will deconsolidate it from financials.<\/p>\n

Singtel stated the deal should not have a material impact on earnings in fiscal year 2024, which runs to end-March 2024.<\/p>\n

Reuters placed Singtel\u2019s equity stake in Trustwave at 98 per cent and noted the operator acquired the business for $770 million in 2015.<\/p>\n

Singtel anticipates concluding the deal in the next three months, subject to \u201cregulatory approvals and customary closing conditions\u201d.<\/p>\n

The operator explained the Trustwave deal completes a strategic review commenced in May 2021 to drive growth by divesting assets. It highlighted the sale of SecureTrust [2] in October 2021 and a consolidation of its APAC business in early 2022 as other elements in the overhaul [3].<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/asia\/asia-news\/singtel-profit-falls\/
\n[2] https:\/\/www.mobileworldlive.com\/asia\/asia-news\/singtel-sharpens-security-focus-with-securetust-sale\/
\n[3] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/singtel-to-sell-1-6b-stake-in-airtel\/<\/p>\n\n

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Singtel struck a deal to offload its stake in US cybersecurity player Trustwave for an …<\/p>\n

The post Singtel waves goodbye to Trustwave<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":474,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Singtel waves goodbye to Trustwave - ITTeacherITFreelance.hk","description":"Singtel struck a deal to offload its stake in US cybersecurity player Trustwave for an ... The post Singtel waves goodbye to Trustwave appeared first on Mobile"},"footnotes":""},"categories":[11,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/328700"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/474"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=328700"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/328700\/revisions"}],"predecessor-version":[{"id":328701,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/328700\/revisions\/328701"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=328700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=328700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=328700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}