SingTel To Buy US-Based Mobile Advertising Firm Amobee

--SingTel acquires U.S.-based Amobee to expand into mobile advertising

--SingTel to pay US$321 million for Amobee; plans to retain company management

--SingTel reorganizes management structure to focus on business segments

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SINGAPORE (Dow Jones)--Singapore Telecommunications Ltd. (SGAPY, Z74.SG) Monday said it will acquire U.S.-based Amobee Inc., a provider of mobile advertising solutions, for about US$321 million--the company's first major acquisition since 2007.

SingTel, which is majority owned by Singapore's investment firm Temasek Holdings, aims to use the acquisition to ...

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