(Report via NewsEdge) Shin Satellite has agreed to sell a 49% stake in Shenington Investments to Asia Mobile Holdings (AMH) for a consideration value of $200 million.
Shenington is an investment holding company with a 100% stake in Cambodia Shinawatra Co. Ltd. (CamShin) and a 49% stake in Lao Telecommunications Company Ltd.
Under the agreement, AMH will invest $200 million in cash for a 49% equity stake in Shenington, while Shin Satellite will remain the controlling shareholder with a 51% stake.
The transaction values Shenington at an equity value of approximately $400 million.
The strategic partnership combines the deep regional experience and technical expertise of Shin Satellite and AMH, two major telcos in
"The partnership with AMH represents a key milestone for Shin Satellite and the future growth of telecommunications services in
"The formation of this strategic alliance based on common objectives will bring significant long-term value to our shareholders," he added.
Â© 2007 Dialog, a Thomson business. All rights reserved.