ABS-CBN News Online, 28 Oct 2009
MANILA - Information technology (IT) company NCS Pte. Ltd., a unit of Singapore Telecommunications Ltd. (SingTel), has taken a majority stake in information-technology (IT) firm Ayala Systems Technology Inc., which the multinational plans to use as its platform to penetrate the overseas market.
The stake was bought from Ayala Corp.’s IT-focused subsidiary Azalea Technology Investments Inc. as well as from the Bank of the Philippine Islands (BPI) Computer Systems Corp. and Mitsubishi Corp.
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