Keppel T&T deepens Thai ties

Keppel T&T makes a strategic acquisition into Thai internet and publishing group, ARG.

 KeppelTelecommunications and Transportation Keppel TT has revealed that is has bought 45% of Thai company, Advance Research Group Company ARG. Keppel TT paid $15 million for the stake, valuing ARG at little over $33 million. ARG is Thailand's leading internet content provider and business information services company.

In 1999, ARG made profits of Bt13.1 million $320, 731 on revenues of Bt283.6 million $6.9 million. The price paid by Keppel means...

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