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ST Engineering to acquire Newtec for EUR 250 million

2019-03-27 16:10:00| Telecompaper Headlines

(Telecompaper) Singapore Technologies Engineering announced an agreement to acquire Belgium-based Newtec for EUR 250 million cash in order to expand in the satellite communications market. The company expects to acquisition to help it profit from the growing market for low-earth-orbit satellites and related broadband and IoT services. 

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Category:Telecommunications

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