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TELECOM & INTERNET | Staff Reporter, Singapore

Singtel sells 14.14% stake in Thai data centre firm for $27m

It was sold to a company under Singtel's associate.

Singapore Telecommunications Limited (Singtel) sold 84.06 million shares, or 14.14%, in CS Loxinfo Public Company Limited (CSLox) for $27m.

According to an announcement, the stake was sold to Advanced Wireless Network Company Limited (AWN), a subsidiary of Singtel's associate Advanced Info Service Public Company Limited.

Based in Thailand, CSLox is a provider of internet data centre services, internet, and satellite uplink-downlink services for domestic and international communications.

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