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Circles Group Plans Business Spin-Off
8 Sep
Summary
- Circles Group is separating its digital software services division.
- The unit seeks a new partner for future expansion.
- This move follows a strategic review by the company.
Circles Group, headquartered in Singapore, has announced plans to spin off its division dedicated to providing digital software services to telecommunications operators. This significant corporate restructuring is a result of a comprehensive strategic review undertaken by the company.
The business unit is now actively searching for a suitable partner or a technology investor. The objective is to secure the necessary expertise and capital for its future growth trajectory.
Fabian Sossa, a spokesperson for Circles, confirmed the development in response to inquiries. The company aims to foster the next stage of growth for this specialized service provider.
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