SMRT won't exercise option to invest S$34.5m in OMG

SMRT won't exercise option to invest S$34.5m in OMG

Singapore-listed transport operator SMRT, which had teamed up with OMG in the latter’s bid for the city-state’s fourth wireless telecommunications (telco) carrier licence, has turned down the option to invest up to S$34.5 million in OMG by subscribing to shares in the company.

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