ST Telemedia subsidiary enters share purchase agreement to dispose of stake in U Mobile

Upon completion, ST Telemedia will hold a minority stake of approximately 20% in U Mobile, and U Mobile will cease to be a subsidiary of the group. 

Additionally, a supplemental letter agreement to the existing shareholders’ agreement in respect of U Mobile will be entered into between the parties. 

The proposed transaction is expected to be completed by the third quarter of 2025.