Almost done! Please Select Your Region To Receive Customized Content
Select Your Region
Your information is safe and secure with us
Nera Telecommunications Limited (SGX: N01) (NeraTel) offers a range of products and services in the areas of wireless infrastructure networks, satellite communications, network infrastructure and payment solutions.
NeraTel’s growing payment solutions business and its potential recurring revenue growth was what piqued our interest in the first place. We attended NeraTel’s FY2013 AGM and FY2014 AGM previously to find out more about the company and this year was no different – we went for the AGM again to gain new insights on NeraTel.
So here are…
The Company is currently at an advanced stage of discussions with a third party regarding the possible disposal of the payment solutions business of the Company. The Company also wishes to advise that while discussions are continuing, no binding agreement has been reached and there is no assurance that the transaction will actually proceed. If a definitive transaction takes place, it would be subject to, amongst other things, shareholders’ approval.
While nothing is yet confirmed, we’ll have to wait and see if NeraTel does indeed dispose its payment solutions segment (which would alter our original investment thesis).