News provider Nikkei had earlier said SingTel would take 12% with Mitsui taking 19%.
General Mobile (G-Mobi), a Taiwan-based mobile firm, has raised $5m from a consortium including Singapore’s national phone ooperator’s corporate venturing unit.
Alongside SingTel Innov8 in the round was Japan-based conglomerate Mitsui. News provider Nikkei had earlier said SingTel would take 12% with Mitsui taking 19%.
The investors join local chip maker MediaTek in backing G-Mobi.
Paul Wu, chief executive of G-Mobi, said: “With this round of investment, we have on board world-class strategic partners across all the fields to help…
