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Article: NEWS CORPORATION LIMITED - JV WITH SINGAPORE TELECOM.

Article from:
AsiaPulse News
Article date:
February 29, 2000
Copyright

(Full text of statement released to the Australian Stock Exchange on Feb 29, 2000. Contact details below.)

NEWS CORPORATION LIMITED (ASX:NCP)

JV with Singapore Telecom

NEWS CORPORATION, SINGAPORE TELECOM, ANNOUNCE JOINT VENTURE TO DEVELOP BROADBAND, MOBILE INTERNET BUSINESSES DEAL STRENGTHENS EACH COMPANY'S BID TO LEAD ASIAN INTERNET ECONOMY

News Corporation (NYSE: NWS:NWS/A) and Singapore Telecom announced today a broad strategic partnership between the two companies to jointly develop broadband Internet and wireless businesses in Asia. In connection with the alliance, News Corporation will invest US$1 billion for approximately four ...

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