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
05/22 SINGAPORE TELECOMMUNICATIONS : Share Buy Back - Daily Share Buy-Back Notice
05/19 SINGAPORE TELECOMMUNICATIONS : Singtel delivers resilient full-year earnings
05/19 SINGAPORE TELECOMMUNICATIONS : Mobile Connect digital identity logins gain tract..
05/19 SINGAPORE TELECOMMUNICATIONS : Singtel and AXA Insurance jointly launch smart ca..
05/19 SINGAPORE TELECOMMUNICATIONS : Singtel consolidates branding under Group Corpora..
05/18 MEDIA RELEASE : Optus delivers a quarter of Revenue, EBITDA and Profit Growth
05/18 SINGAPORE TELECOMMUNICATIONS : Financial results presentation for the fourth qua..
05/18 SINGAPORE TELECOMMUNICATIONS : Management Discussion and Analysis (31 March 2017..
05/18 SINGAPORE TELECOMMUNICATIONS : Announcement to the SGX for the fourth quarter an..
05/18DJSINGAPORE TELECOMMUNICATIONS : 4Q Net Profit Rises 1.8%
More news
Sector news : Integrated Telecommunications Services - NEC
05/19 European shares claw back gains after worst week in six months
05/18DJALTICE A : EU Accuses Altice of Breaking Rules in Portugal Telecoms Merger
05/18 ALTICE A : vows to challenge EU charges over PT Portugal deal
05/16 Earnings drag on European shares, though Vodafone lifts telcos
05/16 BCE : Canadian telecom company BCE says customer database hacked
More sector news : Integrated Telecommunications Services - NEC
News from SeekingAlpha
05/18 SingTel's (SGAPY) CEO Chua Sock Koong on Q4 2017 Results - Earnings Call Tran..
05/18 Singapore Telecommunications Ltd. ADR reports Q4 results
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..
Advertisement
Financials ( SGD)
Sales 2018 17 113 M
EBIT 2018 3 118 M
Net income 2018 4 125 M
Debt 2018 10 413 M
Yield 2018 4,88%
P/E ratio 2018 14,83
P/E ratio 2019 14,27
EV / Sales 2018 4,17x
EV / Sales 2019 4,06x
Capitalization 60 908 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..2.75%43 974
VERIZON COMMUNICATIONS..-14.91%185 285
NIPPON TELEGRAPH AND T..6.39%98 541
DEUTSCHE TELEKOM AG6.30%93 272
TELEFONICA SA12.74%56 127
ORANGE SA5.92%45 569
More Results