BENGALURU, Dec 6 — Singapore Technologies Telemedia said on Wednesday Malaysia's Mawar Setia will acquire a majority stake in the company's U Mobile IPO-UMOB.KL unit.
Media Selangor Sdn Bhd, a subsidiary of the Selangor State Government (MBI), is a government media agency. In addition to Selangorkini and SelangorTV, the company also publishes portals and newspapers in Mandarin, Tamil and English.