Singapore Telecommunications says wholly-owned subsidiary, SingTel Innov8, has acquired a 28.57% stake in 2359 Media, for $800,006.40.

As at Nov 30, the unaudited net asset value per share of 2359 Media was $3.50.

2359 Media is a Singapore-based mobile marketing provider whose core product offering is MobDis, a HTML5-based mobile advertisement creation platform that allows marketers and designers to rapidly create, publish and share engaging mobile advertisements.

{jcomments on}