Considerations are preliminary and Singtel could still decide to retain the asset, they said. A representative for Singtel declined to comment.
Singapore Telecommunications Ltd. is moving forward with a planned sale of its cyber security business Trustwave Holdings Inc. that could raise about US$200 million ($278.18 million) to US$300 million, people familiar with the matter said.
The Singapore service provider has been speaking with financial advisers as it prepares for a potential divestment of the Chicago-based unit, the people said, asking not to be identified because the matter is private. Trustwave could attract interest from other firms in the industry and investment funds, according to the people.
