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TELECOM & INTERNET | Staff Reporter, Singapore
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Singtel buys 2% of Trustwave for $16m

The firm's shared capital had increased by 30% following the acquisition.

Singtel subsidiary Singtel Enterprise Security US (SES US) obtained today 850,000 shares of Trustwave at $16m (US$12m) . 

Trustwave is an information security firm based in the US. It has a net tangible liabilities of approximately of $207.7m as of 31 March 2018, based on its unaudited accounts.

Also read: What can Singtel expect from its acquistion of Trustwave?

With share capital valued initially at $531m (US$397m) to $547m (US$409m), SES US’ shared capital had increased by 30% following the acquisition.

Other intermediate companies of SES US include Singtel ICT, Singtel Enterprise Security (SES SG) and SES Australia.

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