Singtel finally sells Trustwave at low end of estimates

Singtel has sold its Trustwave cybersecurity business to MC2 Titanium for US$205 million as part of a business reshaping that has been ongoing for a couple of years.
The sale comes as no surprise, the business having been on the block for some time. If anything, we could have expected an announcement sooner.
The Singaporean telco announced a strategic review of Chicago-based Trustwave as long ago as May 2021, alongside a weak set of full-year numbers that included write-downs at the unit and mob