Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  Singapore Telecommunications Limited    STEL   SG1T75931496

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Singapore Telecom : SingTel's Amobee Buys US Mobile Advertising Start-Up Firm AdJitsu

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/09/2012 | 07:14am CEST

-- SingTel unit Amobee buys AdJitsu for undisclosed amount

-- Amobee seeks to tap market for three-dimensional advertisements with acquisition

(Adds comment from Amobee chief executive in the 3rd and 6th paragraphs)

By Gaurav Raghuvanshi

Of

Singapore Telecommunications Ltd. (Z74.SG, SGAPY) unit Amobee has acquired a Silicon Valley-based start-up for an undisclosed amount, as it seeks to acquire the technology to create three-dimensional advertisements for mobile phones.

Amobee, a U.S.-based mobile advertising solutions provider was acquired by Southeast Asia's biggest mobile phone operator by customers for US$321 million in March this year. SingTel, which has been picky about acquisitions, aims to use Amobee to expand into mobile advertising technology and services and has said it will let it function as an independent company.

The acquisition of AdJitsu by Amobee follows cooperation between the two firms on mobile advertising campaigns, including one for the Lumia phone manufactured by Nokia Corp., that were well received by customers, Amobee Chief Executive Trevor Healy said Wednesday.

"Users spend significantly more time with the product they can play with, and they navigate the various product features in an almost life-like interaction. These ads delivered great results and convinced us that we needed to own this cutting-edge technology to bring the third dimension to our large advertisers' campaigns," Healy said in an emailed response to queries from Dow Jones Newswires.

SingTel didn't comment on the AdJitsu acquisition and the companies in the deal declined to state the price that was paid.

Healy said AdJitsu's employees have joined Amobee.

AdJitsu was a unit of Cooliris, based in Palo Alto, Calif.

-By Gaurav Raghuvanshi, Dow Jones Newswires; +65 64154 154; [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SINGAPORE TELECOMMUNICATIO
04/21 SINGAPORE TELECOMMUNICATIONS : Foreign Direct Investment from Singapore triples ..
04/21 SINGAPORE TELECOMMUNICATIONS : Singtel Group inks agreements for S$4.1 billion o..
04/21 SINGAPORE TELECOMMUNICATIONS : Increase in issued and paid-up share capital of S..
04/21DJSINGAPORE TELECOMMUNICATIONS : SingTel Units Sign Pacts for S$4.1 Billion in Loa..
04/12DJTPG Telecom Set to Challenge with New Mobile Network -- Update
04/06 ANNOUNCEMENT : Moody's: Singtel's High Spectrum Payments Will Increase Leverage
04/06 SINGAPORE TELECOMMUNICATIONS : New subsea cable to provide more connectivity bet..
03/30 SINGAPORE TELECOMMUNICATIONS : Singtel introduces Optimised Internet Service glo..
03/26 SINGAPORE TELECOMMUNICATIONS : Singtel partners Telkomsel to expand mobile money..
03/22 SINGAPORE TELECOMMUNICATIONS : Singtel, Optus and Globe collaborate on Singtel F..
More news
Sector news : Integrated Telecommunications Services - NEC
04/21DJVerizon Customers Defect As Competition Ramps Up -- WSJ
04/20DJVERIZON COMMUNICATIONS : for First Time, Loses Core Wireless Customers -- 3rd Up..
04/20DJVERIZON COMMUNICATIONS : For Verizon, Tables Get Turned on Tablets
04/20DJVerizon, for First Time, Loses Core Wireless Customers -- 3rd Update
04/20DJVerizon, for First Time, Loses Core Wireless Customers -- Update
More sector news : Integrated Telecommunications Services - NEC
News from SeekingAlpha
02/24 SingTel - A Differentiated Service Provider For Dividend Income Investors
02/09 Singapore Telecommunications Ltd. ADR reports FQ3 results
02/09 Singtel's (SGAPY) CEO Chua Sock Koong on Q3 2017 Results - Earnings Call Tran..
02/08 Singapore Telecommunications Ltd. ADR 2017 Q3 - Results - Earnings Call Slide..
2016 Singtel's (SGAPY) CEO Chua Sock Koong on Q2 2017 Results - Earnings Call Tran..
Advertisement
Financials ( SGD)
Sales 2017 16 610 M
EBIT 2017 3 103 M
Net income 2017 3 889 M
Debt 2017 10 202 M
Yield 2017 4,75%
P/E ratio 2017 15,38
P/E ratio 2018 14,62
EV / Sales 2017 4,28x
EV / Sales 2018 4,18x
Capitalization 60 906 M
More Financials
Chart SINGAPORE TELECOMMUNICATIO
Duration : Period :
Singapore Telecommunicatio Technical Analysis Chart | STEL | SG1T75931496 | 4-Traders
Full-screen chart
Technical analysis trends SINGAPORE TELECOM...
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 4,25  SGD
Spread / Average Target 14%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Sock Koong Chua Group CEO & Non-Independent Executive Director
Simon Claude Israel Chairman
Cheng Cheng Lim Group Chief Financial Officer
Choy Peng Wu Group Chief Information Officer
Chin Kok Chong Group Chief Technology Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SINGAPORE TELECOMMUNIC..2.47%43 639
VERIZON COMMUNICATIONS..-11.48%192 780
NIPPON TELEGRAPH AND T..-2.26%92 224
DEUTSCHE TELEKOM AG-2.60%79 902
TELEFONICA SA15.19%54 893
EMIRATES TELECOMMUNICA..-6.38%41 915
More Results