Carriernet Global

Carriernet Global: Group announced a distributorship agreement effective 1 Apr 2013 with Singtel to carry out sales, marketing and promotional activities in Singapore for both telecommunications and/ or broadcasting services provided by the Singnet Group. Distributorship agreement is for a period of 2-years, with an option to be renewed for a further period by Singtel. Peers comparison: mDR trades at 21.8x trailing P/E; telechoice trades at 13.7x trailing P/E; Carriernet Global trades at 14.7x trailing P/E;