Creative Sold Qala To M1 For S$14.9 million ~ Creative Labs Zen MP3 Players Sound Blaster Card
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Tuesday, September 8, 2009

Creative Sold Qala To M1 For S$14.9 million



Creative Sold Qala To M1 For S$14.9 million
Creative has sold its internet provider subsidary, Qala to MOBILE operator MobileOne (M1) for S14.9 million or US$10.4 million.

QALA Singapore is a 9 year old service provider providing telecommunications and value-added solutions across Singapore for business users.

Creative is currently marketing its InPerson Video Conferencing product through Qala.

The consideration to be received by Creative upon completion for this divestment is US$6.1 million in cash. Upon completion, Creative expects to recognise an investment gain of approximately US$4.5 million.

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