SMRT teams up with Consistel to bring country’s fourth telco to life

It could invest up to $34.5m in OMGTEL.

Transport operator SMRT blindsided the market yesterday when it unexpectedly revealed that it is teaming up with OMGTEL, a unit of wireless network provider Consistel, in a bid to bring Singapore’s fourth telco to life.

The company revealed that it was offered an opportunity to invest up to $34.5m in OMGTEL if it manages to clinch the coveted license.

In the meantime, SMRT will work exclusively with OMG in connection with its bid for the 4th wireless telecommunications carrier licence in Singapore. The two companies will seek to leverage on synergies that can be derived from the SMRT’s extensive media presence and commuter reach.

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