SingTel to launch $150 million tech-focused VC fund
Telecommunications giant SingTel is set to raise an S$200 million ($150 million) VC vehicle – the SingTel Innov8 venture fund – focused on tech startups that will additionally garner it access to new and developing technologies to promote its business.
SingTel, which boasted net income of S$1.02 billion ($740 million) in its fourth-quarter report, as well as a 13% rise in full-year profit to S$3.91 billion ($2.9 billion), will be the sole owner of the...
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