Singtel to offload US digital marketing unit Amobee for $239m

Singtel to offload US digital marketing unit Amobee for $239m

A woman walks by a Singtel sign in Singapore. Photo: Reuters

Singapore Telecommunications said on Tuesday it would sell its loss-making digital marketing arm Amobee to London-listed Tremor International for $239 million in a bid to sharpen its focus on core businesses.